Midway, Mortal Kombat creator, files for bankruptcy

[keithlewis]

Midway has filed for Chapter 11 Bankruptcy, in spite of recently renegotiating some of its debt load. Word is: "The company listed assets of $167.5 million and debt of $281 million as of Sept. 30 in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware. Nine affiliates also will seek protection, according to court papers." The report outlines the nature of the debt: "The 30 largest consolidated creditors without collateral backing their claims are owed a total of $256.2 million, court papers show. Wells Fargo Bank NA, as indenture trustee for noteholders, is listed as the largest unsecured creditor. The amount due under the notes is $150 million, according to court papers."

MIDWAY

[JuniorVT]

dam that sucks MK was a classic

[Blaze In Time]

i remember playing MK on the Sega

[broncofan]

Were they not a part of DC vs MK that was just released?