Warner Bros. in $33 mil bid for Midway Games

May 21, 2009 Time Warner's Warner Bros. unit has made a $33 million bid for key parts of bankrupt video game maker Midway Games in a move that would further strengthen its burgeoning games business, a source confirmed Thursday. In an agreement that still requires bankruptcy court approval and that could be trumped by other bidders, Warner Bros. has offered to buy such key assets as the "Mortal Kombat" franchise and Midway's Chicago and Seattle studios, gaming blog Gamasutra had first reported. Not included in the bid are the firm's San Diego and Newcastle studios, as well as the TNA game franchise.

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