Warner Bros to buy Midway?

Today Kotaku has learned there are three possible buyers interested in Midway Games, the developer and publisher responsible for the hit series Mortal Kombat as well as Ms. Pac-Man, Spy Hunter and Tron.

According to the article Warner Bros, Ubisoft and a private Chicago investor are all interested in buying the bankrupt company. Ubisoft have reportedly been in talks with Midway for some weeks now and a vice president at Warner Bros visited the company for talks just last week.

The news comes as a surprise to many, as previously mentioned the company filed for chapter 11 of the US bankruptcy code in February this year. Midway owes creditors $281 million in liabilities; however the company only claims $167.5 million in assets. It was later revealed Midway were contemplating selling the rights to their largest franchise, Mortal Kombat, however they uphold the decision didn't come easy.

"We're not going out of our way to sell Mortal Kombat," Geoff Mogilner (head of investor relations at Miday) told EDGE last month. However last week it was revealed the 50 staff of Mortal Kombat want to leave Midway due to unpaid bonuses from the recent title 'Mortal Kombat vs DC Universe'.

Kotaku contacted Midway this morning for a comment however the company declined, refusing to comment on rumours or speculation. Kotaku's sources believe Warner Bros are the most likely candidate to buy the publisher/developer.

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