Warner Bros. Entertainment has launched a $33 million bid for a number of Midway Games' US assets.
If the move proves successful it would see Warner acquire the Mortal Kombat franchise and Midway's Chicago and Seattle-based development studios.
The proposed agreement does not include the sale of Midway's development studios in San Diego and Newcastle, UK, or its TNA wrestling franchise.
Midway is currently seeking bankruptcy court approval for the sale of the assets.
"Prior to court approval of the Warner agreement, there will be a court-supervised auction process to facilitate competitive bidding by other qualified buyers," Midway said in a statement. "This process is intended to achieve the highest value possible for the company's stakeholders.
"The bidding procedures, if approved, would require interested parties to submit binding offers to acquire some or all of the company's assets within approximately 30 days of court approval of the bid procedures. Assuming qualified bids are submitted, an auction would be held a few days prior to the sale hearing. A court hearing approving the sale to the winning bidder or bidders would be held soon after the conclusion of the auction, followed by a final closing."
Recent reports suggested that Midway owners and debtors had agreed on a $30 million target sales price.
agreed , mortal kombat is a classic and with a better company backing the mk team, we should finally get a quality mk game thats the fans deserve. midway have milked it n made it a bit gimmicky in my opinion and im a big mk fan. i want a mk 2 feel to it. that was the best mk game i reckon
agreed , mortal kombat is a classic and with a better company backing the mk team, we should finally get a quality mk game thats the fans deserve. midway have milked it n made it a bit gimmicky in my opinion and im a big mk fan. i want a mk 2 feel to it. that was the best mk game i reckon
I'd definitely consider buying that if they did - I loved MK2, but never bought another version after that due to the changes they made (I hated MK3).
Also, Capcom have just demonstrated (with SF4) that you can successfully create a sequel to a classic without compromising the control scheme and still keep it fresh....they could do this easily with MK - they should try, in my opinion.
Copyright 2006 - 2009 Future Publishing Limited, Beauford Court, 30 Monmouth Street, Bath, UK BA1 2BW England and Wales company registration number 2008885
