$33M Midway Sale To Warner Bros. Gets Green Light

Law360, New York (July 2, 2009, 12:00 AM EDT) -- A bankruptcy judge has cleared the way for Warner Bros. Entertainment Inc. to purchase substantially all of video game maker Midway Games Inc.'s assets, including all previously released titles and games based on the hit Mortal Kombat series, in a $33 million all-cash deal.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware on Wednesday signed an order approving the sale, noting that no competing or qualified bids were submitted and that the licensing disputes holding up the sale had been resolved....
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