Marking one of the movie studios’ most aggressive forays into a burgeoning entertainment business, Warner Bros. has submitted a $33-million bid for most of the assets of Midway Games Inc., the bankrupt video game publisher previously owned by Sumner Redstone.

Should the offer be accepted and approved, Warner will own all of Midway’s intellectual property, including the popular Mortal Kombat fighting series, as well as game development studios in Chicago and Seattle.

It’s not the studio’s first attempt this year to buy a small video game publisher, many of which have been struggling in an increasingly consolidated industry. Warner Bros. made an unsuccessful bid for Eidos, the British maker of Tomb Raider, which was ultimately bought by Japanese publisher Square Enix for $120 million.

Read the Full Story – Warner Bros. makes bid for Midway Games – Los Angeles Times

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