In a

we received today, Midway announced that it would begin sale of its assets, including four Studios, European and North American Publishing Groups, Iconic Mortal Kombat, TNA Wrestling License, Open World Games, Casual Games, and Full Classic IP Library.

Midway's considerable intellectual property assets span some of the most successful sectors in the video game industry. Midway is well known for fighting games, with its more than $1.5 billion franchise, Mortal Kombat, as well as the video game license for the fastest-growing wrestling league, Total Nonstop Action (TNA) Wrestling. Midway's development teams are known worldwide for their expertise in fighting game mechanics, motion-capture integration, and AAA production values.

Midway also has strong capabilities in open-world games, including the highly-detailed action-adventure game currently in development, This is Vegas, and the recently released open-world driving game, Wheelman. The development barriers to entry in this genre are considerable, and Midway has an engine in place and expertise to create high-quality, expansive open-world games.

Midway has a long legacy of arcade-style casual and classic intellectual property, with 50 years of popular arcade classics such as Spy Hunter, Rampage, Joust, Paperboy, Gauntlet, and many more. This, coupled with Midway's recent blockbuster success with the three-million-plus unit selling franchise Game Party and the 1.5 million unit selling TouchMaster franchise, comprises a full line of casual and family games. There are a number of games currently in production for a wide variety of platforms including Nintendo DS/DSi and Wii, Xbox 360 Live Arcade, Apple iPhone, Sony PSP and PS3, and online.