Warner Bros. has walked away with most of Mortal Kombat maker Midway Games for the cut-rate price of $33 million (£20m). The deal gives the US movie studio rights to the majority of Midway’s intellectual property, including Mortal Kombat, Rampage, Spy Hunter, and Joust.

A Delaware bankruptcy court judge approved a settlement deal last week, saying objections against the sale had been resolved.

Warner Bros. was the only firm to submit a formal bid for the debt-ridden game company, which filed for Chapter 11 bankruptcy in February. Exceptions to the fire-sale are Midway’s San Diego and New Castle studios. If buyers can’t be found for the two studios within 60 days, the company plans to shut them down.

Although nobody else was interested in bidding, several companies had filed objections to the sale, asserting their own claims to the intellectual property being sold.

Read the Rest of the Story – Warner Bros. nabs Mortal Kombat maker for $33m • The Register

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