Three Companies Eye Midway For Buy Out

With Midway in the middle of troublesome bankruptcy proceedings and rumors of the Mortal Kombat dev team leaving, it's a little surprising to learn that not one, but three companies are considering buying the company.

According to our sources, Warner Brothers, Ubisoft and a private Chicago investor are all looking over the company for possible acquisition.

We're told that Ubisoft has been in talks with Midway for weeks now and that a vice president for Warner Bros. was visiting the studio just last week.

Reached for comment this morning, a Midway rep said the company does not comment on rumors or speculation.

If our sources are correct, then Warner Bros. is the most likely candidate for a possible purchase.