Bankruptcy judge okays Warner Bros. buyout of Midway

Posted Jul 2, 2009 at 3:38PM EST by Mabie A.

Listed in: Wii, PSP, PS3, Nintendo DS, Xbox 360 Tags: Chicago, NBA

The buyout of Warner Bros. of publisher Midway has been OK'd by a bankruptcy judge, making the US$ 33 million acquisition a sure go. The deal is expected to finally close within 10 days, this according to the reports by the Chicago Tribune.

But despite this new ownership, a couple more Midway studios are left to fend for themselves, such as Midway San Diego and Midway Newcastle. They have 60 days to find new owners, or else face the consequence of being shut down. Sports franchises like Blitz and NBA Ballers are also up for grabs for any parties that may be interested.

Midway sued by movie producer over Mortal Kombat IP rights

Via Chicago Tribune

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Bankruptcy judge okays Warner Bros. buyout of Midway

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