Warner Bros bid for Midway has gone through, but the global media conglomerate didn’t want Midway Newcastle, the studio formerly known as Pitbull and responsible for the The Wheelman franchise. GamaSutra estimates that 80 developers were affected...

The Warner takeover of Midway has gone through, and Midway’s head office staff are paying the price. 60 staff at the company’s Chicago head office have been made redundant, including CEO Matt Booty. It seems that 100...

GI.biz reports that Warner is the only bidder for the assets of bankrupt Midway Games. The offer on the table is $33 million. This might bring the sorry tale of Midway Games to an end, although with...

Bloomberg reports that the creditor committee that was suing Mark Thomas over his investment in Midway have settled. Sumner Redstone, the majority shareholder in Midway, sold his 87% stake to Mark Thomas for $100,000 in November 2008....

GamaSutra is reporting that Warner has bid $33 million for Midway, $3 million above the bonus target revealed in court documents last month. The deal includes Mortal Kombat and the Chicago and Seattle studios but leaves out...

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...

Unsecured creditors are kicking up a stink about Midway’s bonus scheme announced earlier this month. Among other things, they claim: The bonus scheme is paying additional money to staff simply to do their jobs The bonuses are 400% greater than...