Midway Games [SEP] dissolved or abolished
about 87% by the end of 2007. In December 2008, Redstone sold all his stock and $70 million of Midway debt to Mark Thomas, a private investor, for $100,000.
In February 2009, Midway Games filed in Delaware for bankruptcy. Warner Bros. purchased most of Midway's assets (including "Mortal Kombat"), and Midway settled with Mark Thomas to relinquish his Midway stock and debt. The U.S. District Court in Chicago dismissed a lawsuit alleging that former officers of Midway misled shareholders while selling their
Interactive Entertainment existed only two years before being sold to GT Interactive in 1997, and Time Warner Interactive Japan dissolved in the same year due to Midway not seeing the potential of releasing games in Japan due to how very costly it is for Midway to have a Japanese video game studio in their hands.
External links.
- Midway Games West Inc. on MobyGames (includes the history as Time Warner Interactive Inc.)
- Time Warner Interactive Inc. on MobyGames
- Warner Interactive Entertainment Ltd. on MobyGames