Square Enix To Buy Eidos, Midway Files For Bankruptcy

Posted by Soulskill on Thursday February 12, 2009 @07:32PM from the finish-them dept.

arcticstoat writes to tell us that Square Enix has been revealed as the potential buyer to Eidos, developer of the Tomb Raider franchise. Eidos had been shedding workers and studios in an attempt for financial stability. This comes alongside news that Midway Games is filing for Chapter 11 bankruptcy in order to stave off creditors while they sort out what's left of their resources. World of Goo publisher Brighter Minds Media also filed for bankruptcy last month. Free Radical, a UK studio recently put in a similar position was snapped up by Crytek, and we discussed news of Sega's financial turmoil as well. It seems that claims from late last year suggesting the games industry may be "recession proof" are quickly being proven wrong, though Kotaku suggests that most of the blame falls on the developers.

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Midway files for bankruptcy? by serviscope_minor · 2009-02-12 20:18 · Score: 5, Funny

Midway files for bankruptcy? I think that's a...
FATALITY

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SJW n. One who posts facts.
1. Re:Midway files for bankruptcy? by Darth_brooks · 2009-02-12 23:24 · Score: 5, Funny
  
  Ch. 11 offers protection from creditors while you attempt to reorganize, While Ch 7 is outright bankruptcy. Sometimes it works, usually you're just staving off the inevitable. So the correct joke to use here is...
  FINISH HIM!
  
  --
  There are some people that if they don't know, you can't tell 'em.
Re:Chrono Trigger?? by MindlessAutomata · 2009-02-12 20:28 · Score: 3, Funny

The last thing I want is a level 5 dwarf (haha) providing me my OS.
If Gimli tells you to install Linux you better DAMN well install Linux.