Midway Gets Nod For Sale Of Foreign Subsidiaries

Law360, New York (August 19, 2009, 11:44 AM EDT) -- Midway Games Inc., the bankrupt video game developer that created the hit gaming series "Mortal Kombat," has won a judge's approval to sell off stock in its wholly owned, nondebtor foreign subsidiaries.

At a hearing on Tuesday, Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware granted Midway's motion to sell the overseas companies.

Midway had done as much as it could to ensure the bids it received were the highest it could get, Judge Gross said in his order approving the...
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