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Midway selling off Mortal Kombat rights

Monday, 2nd March 2009 09:33 GMT By Patrick Garratt

mortalkombat

Midway is seeking an “execution of an asset purchase agreement for the sale of Midway’s Mortal Kombat franchise assets,” according to court documents posted on NetDockets.

$3,755,000 in bonuses has been set aside by the struggling firm for those that manage to offload rights, one of which was for Wheelman, recently picked up by Ubisoft.

And where do you get nearly $4 million when you’re bankrupt? You withhold previously promised PTO payment to employees. Genius.

We may not have the keenest business minds in the universe, but selling the things that make you money in return for small amounts of money probably only leads one way.

Thanks, Kotaku.

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10 Comments

  1. Blerk

    It’s very apparent that it’s all over for Midway now. Good to see they’re at least treating their employees with respe… oh.

    #1 6 years ago
  2. G1GAHURTZ

    There seems to be a theme with running massive companies/organisations into the ground, then still giving yourself a great big bonus, recently.

    #2 6 years ago
  3. Blerk

    I see there are ‘wobbly hand’ predictions on THQ this morning, too.

    #3 6 years ago
  4. evilashchris

    Oh oh.

    #4 6 years ago
  5. Retroid

    Kitchen sink: confirmed!

    #5 6 years ago
  6. Predator

    Capcom should buy the rights to Mortal Kombat then we could have Street Fighter VS Mortal Kombat, now that would be good

    #6 6 years ago
  7. Retroid

    Baby with bathwater: confirmed!

    #7 6 years ago
  8. theevilaires

    Namco should buy it.

    #8 6 years ago
  9. Blerk

    Someone should buy it and bury it. To save the world from being inflicted with any more Mortal Kombat games.

    #9 6 years ago
  10. theevilaires

    Blerk the last one was actually good (imo)

    #10 6 years ago

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