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Midway Now Facing February Bankruptcy
ebeast says,
Holy crap. Game companies are folding left and right. This is getting pretty depressing. Who's next?It sounds like all is not lost yet, but having debts that you used to think were due in years 2025/2026 suddenly come due now is pretty alarming.
Article excerpt from shacknews.com —
"Struggling publisher Midway may now have another month before it faces bankruptcy, as some of its investors have agreed to postpone a payback deadline until February 19.
After majority shareholder Sumner Redstone sold 87% of the Mortal Kombat publisher for $100K, investors were able to demand repayment due to the change in control.
...
Read the full article at shacknews.com »
Read the full article at shacknews.com »
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