Midway Files for Bankruptcy

Posted by | February 18, 2009

>мебели пловдивanother casualty of the times, game maker Midway, best known for the Mortal Kombat series, has filed for Chapter 11 bankruptcy. Midway claims this is due to a major investor, one Sumner Redstone, pulling out his stake in the company.

This move affects Midway’s holdings in the United States, which racked up an impressive $280-million in debt as of September of 2008. There is some good news, though, at least for those of us on the ground. Midway recently got a judge’s approval to pay off their employees and continue operations through the bankruptcy, which means there won’t be a small army of freshly-fired gamers shambling through the streets, begging “just one credit to continue” and writing vanity industry blogs.

Hopefully, Midway can recover from this crisis and go back to milking the Kombat Kash Kow until its …