Midway Goes Bankrupt, Sells "Mortal Kombat"

Game developer Midway has finally succumbed to the recession, and has filed for bankruptcy.

In order to pay off their massive debt, they've had to sell their assets; namely, "Mortal Kombat" - one of the most popular and controversial fighting games in history.

The fate of this classic franchise is currently up in the air

Warner Bros. is the first to make a bid at the infamous franchise, offering $33 million on the Mortal Kombat franchise and the rights to the recently released "Wheelman".

It will be interesting to see how this turns out - Warner Bros. may simply attempt to sell the rights to Mortal Kombat to another game company, such as Capcom, or EA.