Midway has 50 days to rack up US$ 150 million or it’s game over

I can already hear the Jigsaw Killer (from Saw) in his deep, murderous voice, “You have 50 days.” Midway Games has exactly that amount of time to rack up US$ 150 million dollars or it’s game over. So much money in so little time. Is this the end of of the guys who brought us Mortal Kombat? Read more in the full article.

Big trouble. Big, big trouble. Midway Games is in hot water now, trying to figure out how they can earn US$ 150 million in just 50 days. If they fail, they’ll have to declare bankruptcy, and it’s game over. After getting sold for for a mere pittance, the publisher remains in such bad shape that they’re facing bankruptcy in just a little over two months.

A file from the US Securities and Exchange Commission tells us that Midway is really grimacing in financial pain right now. So far, they’ve got US$ 10.3 million in the bank, so that’s US$ 140 million to go.

No word yet on what Midway is planning to do with the situation. Call it quits or fight to the death? Or by some miracle actually make that deadline? The health bar is running low, and the economy is itching to deliver its fatality.

Check the source link below if you want to read up on the SEC file – to the lay man, good luck trying to understand that.

• Midway may be in for fatality: stocks fall 40%
• Unreal Engine 3: at fault for Midway Games’ losses?
• Not quite a Fatality: Midway losses exaggerated, next MK game in discussion

Via Yahoo Biz