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About Rainier

PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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'Mortal Kombat' Franchise Up for Sale

by Rainier on March 2, 2009 @ 3:16 a.m. PST

Midway has been struggling with finances for quite a while, filing losses year after year, which led to its main shareholder selling the company for $100k. Last month, Midway filed for Chapter 11 bankruptcy protection and asked Ubisoft for help with publishing Wheelman. According to recently filed court documents, Midway is looking for "execution of an asset purchase agreement for the sale of Midway's Mortal Kombat franchise assets," which means it wants to sell the MK franchise, giving upper management a bonus for doing so, while cutting employees' promised PTO (personal time off).
Midway has been struggling with finances for quite a while, filing losses year after year, which led to its main shareholder selling the company for $100k. Last month, Midway filed for Chapter 11 bankruptcy protection and asked Ubisoft for help with publishing Wheelman. According to recently filed court documents, Midway is looking for "execution of an asset purchase agreement for the sale of Midway's Mortal Kombat franchise assets," which means it wants to sell the MK franchise, giving upper management a bonus for doing so, while cutting employees' promised PTO (personal time off).
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