Last year, the financially unstable Midway Games was purchased by a private investor for the tiny sum of US$100,000, with around US$70 million of debt attached.

Since then, the company has gone bankrupt and the administrators of the company have been seeking buyers for the company's property. Some time ago, the bidding process for the company began, and several firms and game publishers expressed interest in purchasing the property of Midway, minus the debt, which is currently being addressed by a bankruptcy court in Delaware.

The deadlines for bids to buy Midway has now passed, and there's just one bidder, who wish to purchase select parts of the company. This company is Warner Bros. Interactive Entertainment, who have offered some US$33 million for a selection of the Midway's assets.

Read full article by Steven Perdikis

something about this seems awfully similar to Atari lol.