Midway have gotten a little more time to solve the situation of the senior note buybacks worth $75 million that came into effect when Sumner Redstone sold his majority share in the company back in December. Midway now has until February 19 to come up with the money, but the question is whether this isn't just delaying the inevitable. Midway have been cutting costs frantically letting people go and closing down their Austin studio.
Midway may hold a number of classic gaming brands, but none of them are true best sellers these days and it's hard to see what Midway can do to generate that kind of money when they are already heavily in debt. Selling off Mortal Kombat might help some, but the latest iteration Mortal Kombat vs DC Universe didn't sell all that well.