Midway Games gets court OK of $33 million asset sale

By Jennifer Lanning Drey

Portland, Ore., July 1 - Midway Games, Inc. received court approval of the $33 million sale of substantially all of its assets to Warner Bros. Entertainment, Inc., according to a source familiar with the case.

The approval was granted Wednesday by the U.S. Bankruptcy Court for the District of Delaware.

Midway Games, based in Chicago, is a developer and publisher of interactive entertainment software for videogame systems and personal computers. The company filed for bankruptcy on Feb. 12, and its Chapter 11 case number is 09-10465.

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