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Midway, Mortal Kombat creator, files for bankruptcy

Posted: Thu Feb 12, 2009 3:56 pm
by 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

Re: Midway, Mortal Kombat creator, files for bankruptcy

Posted: Thu Feb 12, 2009 4:02 pm
by JuniorVT
dam that sucks MK was a classic

Re: Midway, Mortal Kombat creator, files for bankruptcy

Posted: Sat Feb 14, 2009 11:41 am
by Blaze In Time
i remember playing MK on the Sega

Re: Midway, Mortal Kombat creator, files for bankruptcy

Posted: Sat Feb 14, 2009 8:15 pm
by broncofan
Were they not a part of DC vs MK that was just released?