Midway Gets Hearing On Sale Of Foreign Units

Law360, New York (August 7, 2009, 2:33 PM EDT) -- Bankrupt video game maker Midway Games Inc. has won a hearing on its bid to sell stock in its wholly owned, nondebtor foreign subsidiaries to the only two bidders to make reasonable offers.

A judge in the U.S. Bankruptcy Court for the District of Delaware on Thursday granted a motion for a hearing on the proposed sale. The hearing is set for Aug. 18, according to the order.

Midway proposed the sale through debtor Midway Home Entertainment Inc. on Monday, saying the bids covered in its...
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