Court documents suggest $30 million is a fair price for Midway. More likely, it’s a ceiling for the value of Mortal Kombat, and is unlikely to be achieved. Last month, creditors kicked up a stink about the...

Struggling publisher Midway, currently in Chapter 11, is to put Mortal Kombat up for sale. In court filings, Midway is seeking permission for an employee incentive plan covering 29 employees worth $3.8 million (they have to ask...

Midway has announced that it will seek Chapter 11 protection from its creditors, although this does not affect operations outside the US. Chapter 11 does not mean that the company has gone bust: it allows the company...

Brighter Minds, publisher of indie-hit World of Goo, has filed for Chapter 11 protection. The company focuses on family-friendly titles and is publicly traded on the TSX Venture Exchange (TSX: BRI.V). The company is a portfolio company...

MCV reports that Circuit City is to close 567 stores in the United States. 30,000 jobs will be lost as the US’s second-biggest consumer electronics retailer shuts down. The company filed for Chapter 11 bankruptcy protection in...