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Warner Bros offers 33 million to purchase Midway assets photo

Well, things at Midway have been changing radically to say the least for some time now, but today we found out that a prediction we made earlier in the year has in fact come to pass. We thought that perhaps Warner Bros. might be interested in scooping up Midway's US assets since they were documented as having made frequent trips to the Midway offices. Today, it was confirmed that Warner Bros. has made a $33 million bid for all of those assets.

If the bid is accepted, Warner Bros. will walk away with Midway's Seattle and Chicago development studios, along with the Mortal Kombat franchise. Studios not included are San Diego and the Newcastle location in the UK. The TNA franchise is also not included in this deal. Some more information from Midway's statement:

"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."

I wonder what this may mean for gamers. I was just talking about Mortal Kombat with friends a few days ago and saying how cool it would be if it got a really solid revival. I think I just want a reason to blast the amazing Mortal Kombat techno song again. Wait, I don't need a reason. I'm going to dance on my balcony right freaking now.

[Via CVG]








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Colette Bennett is a Destructoid features editor from New Orleans, Louisiana. She is also a founding member of Destructoid's sister sites Tomopop, a toy lover's blog and Japanator, our anime site. Likes Nintendo DS, NES, Silent Hill series, Rhythm games, RPGs Meet the rest of the team



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9 comments | showing # 1 to 9
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Tubatic's Avatar - Comment posted on 05/21/2009 15:30
Tubatic
BUGS BUNNY VS SCORPION!!!!
gamerwolf's Avatar - Comment posted on 05/21/2009 15:36
gamerwolf
With Warner Bros. supporting the new OnLive system though; could this potentially mean Mortal Kombat becoming an exclusive for that platform/service?
Kalakaua's Avatar - Comment posted on 05/21/2009 15:45
Kalakaua
If it goes through, I'm more curious of what will happen to the San Diego Studio and the TNA franchise.

Knowing people part of that studio makes me wonder what would happen to them? Why not include it in the bid?
CJSchmidt's Avatar - Comment posted on 05/21/2009 15:56
CJSchmidt
Hey WB - how about a current-gen NHL Hitz?
Tdiddy9182's Avatar - Comment posted on 05/21/2009 16:45
Tdiddy9182
So they paid 33 million for Mortal Kombat? Interesting...
sheppy's Avatar - Comment posted on 05/21/2009 17:20
sheppy
"I was just talking about Mortal Kombat with friends a few days ago and saying how cool it would be if it got a really solid revival."

1. It had a full on revival. It's called MK vs. DC. Non-weaboos may enjoy it.

2. If you really gave a damn about the MK franchise, why did your retroforce podcast proceed to piss all over the franchise in the fighting game episode? Either you respect the franchise or you don't. Liking it when it's convenient to like it is the kind of half-hearted support that lead to the franchise becoming obscure. You're in or out, pick a side.
Chronic Logic's Avatar - Comment posted on 05/21/2009 19:40
Chronic Logic
Does this mean that the Mortal Kombat team is going to bail on Midway or are they going to stay to be transfered to Warn Bros?
Qraze's Avatar - Comment posted on 05/21/2009 19:57
Qraze
i for some reason have a good feeling about this. warner brothers have a giant backlot of movies that could make for some killer games.
Brian Szabelski's Avatar - Comment posted on 05/23/2009 12:22
Brian Szabelski
$33 million for a franchise that's still only somewhat relevant is asking a lot, but I'm guessing it comes with the rights to the entire MK catalog, too.
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