Time Warner readies play for Midway
Midway, maker of everyone’s favorite cute and cuddly franchise Mortal Kombat, has not had a smooth run of late. To recap Midway’s recent plight in one sentence: In December, Sumner Redstone sold his 87 percent stake in Midway for all of $100,000 and the company proceeded to file for bankruptcy in February. Yikes. The creator of a bazillion Mortal Kombat titles isn’t dead in the water just yet however, as several companies are reportedly preparing acquisition bids. One such company, according to Bloomberg, is Time Warner — maker of both Mortal Kombat motion pictures. Hey didn’t one of those win an Oscar? No? Time Warner seemingly won’t have much competition as Bloomberg reports Midway expects less than five bids. Regardless of the outcome of this debacle, the phrase “Finish Him” will hold a special place in our hearts forever.
Zach Epstein
Zach Epstein is the Executive Editor of BGR. He has 10 years of industry experience, first in marketing and business development with two private Telcos, then as a writer and editor covering business, technology and telecommunications.
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