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).