WB Completes Midway Assets Purchase
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Monday, July 06, 2009
By: Thomas J. Mclean
Warner Bros. has completed its purchase of the assets of Midway Games, including the rights to such well-known gaming franchises as Mortal Kombat, Spy Hunter and Joust.
The studio picked up the assets in bankruptcy court for $33 million in a deal approved last week by the judge, reports Variety.
Warner’s acquisition did not include two of the company’s development studios, one in San Diego and the other in England.
Midway filed for bankruptcy protection earlier this year. Warner Bros. did not comment on its plans for Midway.
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