Midway gets a life extension (for a month)

January 6th, 2009 Posted in Business, News

Midway is in deep financial trouble, until now, the company had until January 19 to pay back some of it’s massive 150 million dollar debt to bond owners — this deadline has now been extended to February 19, 2009.

Back in December, the developer/publisher closed it’s Austin studio and simultaneously cut their workforce by 25% — some 180 jobs.

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This entry was posted on Tuesday, January 6th, 2009 at 3:51 pm and is filed under Business, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Midway gets a life extension (for a month)”

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    January 6th, 2009 at 6:17 pm

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