10:02 AM on 12.01.2008 |
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It’s no secret that Midway has been in some trouble. Recently, the stock plummeted to such a low that the NYSE threatened delisting – an action that would bury the publisher regardless of how awesome Mortal Kombat vs. DC Universe is. Thankfully, some of Midway Games’ woes have been answered. According to a Reuters report, 87 percent of Midway has been purchased. The price of the purchase was only 100,000 dollars.
The lucky buyer is an investor named Mark Thomas. He paid a massive $.00012 a share for his new property, and acquired 70 million dollars of Midway’s unsecured debt in the process. The old owner, Sumner Redstone, sold his stake to ease this debt.
This situation is like buying a wicked awesome Egg McMuffin that is guaranteed to get jammed in a heart valve. It’s great going down, but the future ramifications of the meal are unknown. Thomas didn’t say that he would try to revive Midway Games, but we’re sure he would like to make some of that 70 million back. [via Game Politics]
Over on The Escapist, where my weekly Jimquisition episodes are hosted, I also have another show that many of you likely don't know about. It's called Movie Defense Force, a film review show where I take movies that have bee... When there was still an arcade near my house, Midway games were the ones I often found myself pumping the most quarters into.
During the last console generation, I scooped up the Midway Arcade Treasures collections to relive ...
Witness another poor decision on my part. Street Fighter IV taught me not to play modern fighting games, or, at the very least, speak my opinion of them in public. Of course, that was before I was able to post to t...
With the amount of older games that have been ported to digital distribution platforms, I have yet to buy one of those compilation discs this console generation. As such, I'm inclined to be interested in Midway Arcade Origin... Your iPhone needs this, badly. Warner Bros. has just released what can be scientifically referred to as a buttload of Midway games, all in a single App. For $0.99, you get ten classics: Spy Hunter, Rampage, Joust, Root Beer T... You know what roleplaying series kicked arse on the PlayStation 2? Shadow Hearts! You know what series deserves to be remastered in HD for the PS3's "Classics" line? Shadow Hearts! You know it makes sense.
Shadow Hearts...
Happy Monday, Destructoid viewers!
If you tuned in for yesterday's live stream, then you know by now that we reached our goal of $5,000 for our CharityWater campaign! My heart is still beaming from yesterday's accomplishment...
There once was a game called Hero, a Midway project about customizable superheroes that looked incredibly promising, but was sunk when the publisher collapsed. Many of the game's developers have banded together under the nam... There's a lot of really cool concept art in the portfolio of artist Stephan Martiniere, who was formerly a creative visual director at Midway Chicago and now an art director at Id Software. There's a lot of great stuff on his... According to Giant Bomb's well-placed tipster, Electronic Arts/EA Sports is currently working on resurrecting Midway's NFL Blitz series. EA Sports recently releases NBA Jam remakes across all platforms, and reports had previo...
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