Seeking to avoid extreme pressure from its creditors, Midway Games has filed for Chapter 11 bankruptcy today. They’ve avoided Mortal Kombat with its creditors and the fall of the 51 year old game publisher is not imminent. Investor Mark Thomas bought the company from Sumner Redstone last year for cheap but it triggered a chain of events that have left the company crippled.
Read more on the issue at LA Times’ tech blog.
