None
Back on February 25th, netDockets — a “corporate restructuring and bankruptcy blog” — gleened a curious tidbit of gaming news. According to an employee incentive plan that has earmarked funds (bonuses) for 29 key employees should they attain certain milestones, it appears that Midway is actively seeking to sell their Mortal Kombat franchise. Three milestones were laid out. The first concerned finding a publishing partner for Wheelman, which has already been accomplished thanks to Ubisoft’s involvement. Second and third are explicitly tied to the sale of Mortal Kombat. Below you’ll find the exact wording found in the document: Milestone 2: Either (i) execution of an asset purchase agreement for the sale of Midway’s Mortal Kombat franchise assets or (ii) submission by Midway of a plan of reorganization to continue as a going concern. Bonus Amount: $1,292,500. Milestone 3: The earlier to occur of (i) confirmation of a plan of reorganization or liquidation or (ii) closing of a sale of Midway’s Mortal Kombat franchise assets. Bonus Amount: $1,965,000 |