If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Midway liquidation plan approved

mortalkombat

A US court has approved plans to liquidate Midway following an IP sale to Warner last year.

Midway can be liquidated, a US court has said, approving a plan that provides a recovery for creditors from the sale of assets last year to Warner.

Bankruptcy Judge Kevin Gross said he was “satisfied fully” that the plan complies with the bankruptcy code.

Warner took Midway’s assets, including Mortal Kombat and studios in the US and UK, for about $33 million last July.

Midway said it realized about $49 million from the transaction.

Hot beans. Watch E3 for some idea of Warner's plans for the IPs.

There's more on Businessweek.

Sign in and unlock a world of features

Get access to commenting, homepage personalisation, newsletters, and more!

Related topics
About the Author
Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

Comments