Midway Games Pushes $33M Sale To Warner Bros.

Law360, New York (May 22, 2009, 12:00 AM EDT) -- Video game maker Midway Games Inc. is looking to sell substantially all of its assets, including all previously released titles and games based on the hit Mortal Kombat series, to Warner Bros. Entertainment Inc. in a $33 million all-cash deal.

Midway filed a motion Thursday in the U.S. Bankruptcy Court for the District of Delaware seeking a stamp of approval for proposed bidding procedures and the stalking horse asset purchase agreement with Warner Bros., a subsidiary of Time Warner Inc.

Under the agreement, Warner Bros. would...
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