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latimesblogs.latimes.com - 6/26/2009

Warner Bros. emerges as sole bidder for Midway Games

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Warner Bros. emerges as sole bidder for Midway Games.

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The bidding is over: Warner Bros. the likely owner of Midway
Destructoid — ... As the LATimes blog reports, it’s uncertain as to what exactly Warner will own once the smoke clears. The educated guess is that Warner will get the rights to the vast majority of Midway’s franchises and the Chicago and Seattle studios. Apparently, the Newcastle and San Diego studios are too cool to be purchased. ...

Warner Bros. Wins Bid For Midway For A Very Simple Reason [Acquisitions]
Kotaku — Looks like the new home of Mortal Kombat, Joust, Spy Hunter and other well-known Midway properties will be Warner Bros. after all. The media conglomerate looks to have won bidding rights to the publisher and developer by default. According to the LA Times' report on the matter, Warner's $33 million bid for the better portion of the company's assets was the only serious offer. There were no other formal bids. As part of a buy out time line that would accept offers until June 24th, Midway's goods and people were ...

Warner Bros. Emerges as Sole Bidder for Midway
1UP RSS feed — ... Have you ever been among a group of people, and maybe someone mentions a movie of dubious quality, but you express how much you loved that movie expecting everyone else to agree, and then no one else agrees and they all look at you suspiciously, and you suddenly feel really exposed and vulnerable? We wonder if that's how Warner Bros. is feeling right now. The L.A. Times reports ( ...

Warner Bros. sole bidder for Midway assets
Big Download Blog — ... It's looking like Warner Bros will be the sole bidder on some of Midway's assets as the once major game publisher sells itself off. The LA Times reports that no other publisher made bids to buy Midway's properties. That means Warner Bros. will almost ...

Warner Was Sole Bidder For Midway
Edge Online - Interactive Entertainment Today — ... the only one on the table."No other bids came in, so there's not going to be an auction," Midway spokesperson Geoff Mogilner told the LA Times . However, Warner will be unable to complete the transaction until the complaints of a number of creditors seeking to block the deal have been resolved. A bankruptcy court will need to rule on a case brought against Midway by production company Threshold Entertainment, which is ...

WBIE highest bidder in Midway Auction..
Crispy Gamer | Video Game News, Rumors and Updates — ... According to several sources, most notably the L.A. Times , Warner Bros. has emerged as the sole bidder in the Midway bankruptcy auction - an event that the company had hoped would pull its fanny ever so slightly out of the financial fire. Midway put its assets up for auction in hopes of getting a high asking price than the 33 million USD that Warner Bros. wanted to give them, but no other offers came in. Midway spokesman Geoff Mogilner told the L.A. times that the auction was basically “off” at this point. Where Midway goes from here is unknown at this time. Does it accept ...

Warner Bros. Acquires Midway for Opening Bid; No One Else Interested
Kombo.com — ... , and that doesn't include the San Diego or Newcastle studios. Indeed, Warner Bros. acquired Midway for no more than their opening bid, as the LA Times reveals that no one else even stepped forth to compete. A few "kicked the tires," so to speak, but that's about as far as it went. "No other bids came in, so there's not going to be an auction," confirmed Midway's spokesman, Geoff Mogilner. Of course, the whole deal isn't in the clear yet. The Delaware court which is overseeing Midway's bankruptcy proceedings first has to resolve the complaints issued by numerous creditors ...