Mon, Mar 02, 2009 | 09:33 GMT
Midway selling off Mortal Kombat rights
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.
10 comments
#1
Blerk
02/03/09, 9:41 am
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.
#2
G1GAHURTZ
02/03/09, 9:47 am
There seems to be a theme with running massive companies/organisations into the ground, then still giving yourself a great big bonus, recently.
#3
Blerk
02/03/09, 9:49 am
I see there are ‘wobbly hand’ predictions on THQ this morning, too.
#4
evilashchris
02/03/09, 9:56 am
Oh oh.
#5
Retroid
02/03/09, 11:23 am
Kitchen sink: confirmed!
#6
Predator
02/03/09, 11:27 am
Capcom should buy the rights to Mortal Kombat then we could have Street Fighter VS Mortal Kombat, now that would be good
#7
Retroid
02/03/09, 11:29 am
Baby with bathwater: confirmed!
#8
theevilaires
02/03/09, 2:53 pm
Namco should buy it.
#9
Blerk
02/03/09, 3:01 pm
Someone should buy it and bury it. To save the world from being inflicted with any more Mortal Kombat games.
#10
theevilaires
02/03/09, 3:11 pm
Blerk the last one was actually good (imo)