There’s no denying that gaming publisher Midway has had a rough time in the past year. After an insane saga of strange twists, turns, accusations, and increasingly dire news, most of us weren’t entirely certain that the beleaguered publisher would actually survive to see 2010. Despite our doubts, it turns out that Midway is living to see another day, having just been acquired by Time Warner for $33 million.
For those of you new to the situation: after the company’s much-hyped Mortal Kombat vs. DC Universe earned lukewarm reviews and reasonable (though not amazing) sales numbers, Sumner Redstone sold his controlling interest in Midway for $100,000, and the publisher wound up laying off roughly 25 percent of its workforce and killed many games that were currently in development. It was then revealed that, even though employees weren’t getting paid what was owed to them and the publisher was filing for bankruptcy, executives were still raking in a great deal of cash during all this.
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