According to gaming industry trade magazine MCV, Warner Bros. is preparing to bid on purchasing Midway. According to their sources, Warner Bros. is particularly interested in the Mortal Kombat and Stranglehold properties (the latter being the official sequel to Hard Boiled, a popular Hong Kong action movie), in addition to the "retro" franchises such as Gauntlet and Joust. It should go without saying that there is already a history between Midway and Warner Bros.; DC Comics is another of Warner Bros.'s companies. From the article:

It is thought that the LEGO publisher is particularly keen to acquire Midway’s flagship Mortal Kombat and Stranglehold franchises, as well as its retro IP such as Gauntlet, Joust and Galaga – and a modern casual game roster including Game Party and Touchmaster.

MCV understands that Midway is keen for Warner to match its target sale price of $30m (£20.6m) – but that it may yet sell off its owned IP and studios separately.

A source close to Midway told MCV: "Warner is pretty confident that they will get Midway – which will be an immediate boost to their portfolio. The deal isn’t done yet. Midway is still open to offers from other potential buyers – but Warner looks to be favourite to wrap it up. They look ready to put the money on the table."

To read the story in its entirety, click here.

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