
Should the offer be approved, Warner will own Midway's intellectual property, including "Mortal Kombat", as well as game development studios in Chicago and Seattle.

The Warners deal has been led by Kevin Tsujihara, president of Warners home entertainment, that saw Warners buys shares in Eidos, the British maker of "Tomb Raider", ultimately purchased by Japanese publisher Square Enix for $120 million.
"Mortal Kombat", released in 1992, has generated more than $1.5 billion in revenue.

If its bid is successful, Warner Bros. would have the right to not only publish these video games but also adapt them into films or other media...