Midway Cuts Deal With Remaining Vultures

After clearing the way for another month or so of existence by getting half of their debt holders to hold off on collecting, Midway today announced they have convinced the rest of them to sit tight as well.

The company filed an update with the Securities and Exchange Commission today detailing the agreements they have reached with the holders of their whopping $150 million convertible senior notes.

With the new agreement they have until February 12 of this year until those folks can make Midway buy back the notes.

Not really sure what a month is going to buy Midway, but I'll keep my fingers crossed for the publishers of Mortal Kombat.


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