Midway has announced today that they have bought Paradox Development, developers of Mortal Kombat: Shaolin Monks. Midway President and Chief Executive Officer David F. Zucker commented, "The Paradox team's expertise in the fighting genre is an excellent fit with Midway's product strengths and will help us extend the Mortal Kombat franchise into the action-adventure genre and release a highly engaging title in the Mortal Kombat universe annually."

Check out an article on Total Video Games here, and the original press release here.