Near fatality: Midway delisted from NYSE, parts from ESA

It’s not looking good for Mortal Kombat studio, Midway Games. The company, which recently filed for a Chapter 11 bankruptcy, was officially delisted from the New York Stock Exchange. Further adding to its growing list of pains is its departure from E3 group, the Entertainment Software Association.

Even Superman wasn’t able to save them

It’s not looking good for Mortal Kombat studio, Midway Games. The company, which recently filed for a Chapter 11 bankruptcy, was officially delisted from the New York Stock Exchange.

Its delisting from the NYSE has been impending since November, when it was warned that it needed to keep an average closing price of US$ 1 per share for 30 consecutive days. Unfortunately, its growing debt, and despite its financial injection, the company wasn’t able to recuperate in time.

Further adding to its growing list of pains is its departure from the E3 group, the Entertainment Software Association. Although neither have acknowledged this, Midway is no longer part of the member list in ESA‘s website.

Via GameDaily