Sections

Warner Bros readying potential bid for Midway

Friday, 24th April 2009 16:54 GMT By Stephany Nunneley

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MCV sources have claimed today that Warner Bros is ready to pounce on Midway.

“Warner is pretty confident that they will get Midway – which will be an immediate boost to their portfolio,” said one telltattle.

“The deal isn’t done yet. Midway is still open to offers from other potential buyers – but Warner looks to be favorite to wrap it up.

“They look ready to put the money on the table.”

Speculation from trade groups suggest that Warner is gagging for Midway’s Mortal Kombat and Stranglehold franchises, as well as retro IPs Gauntlet, Joust and Galaga.

Midway has previously set the target sale price at $30 million, but may sell each IP off separately.

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