There was actually a sliver of hope for them with Nintendo, looking at the Touchmaster and Game Party series. Given the chance, they could have clawed their way back. Sadly they won't have that opportunity. Hopefully a big company can buy them up and help them make their old series great again (not that this often happens).

 My sentiments exactly. Midway is just one company in a long line of companies coming up that will "bite the dust".

Midway lost a lot of money off of the TNA Impact game. I feel bad for them and hope things will look up for them.

why doesn't somebody buy Midway like Sony or Microsoft.

You have no idea how much I wanted that game to be good. I loved the original Area 51, and even managed to hype my friends for Blacksite.

Now, who's going to buy them out. And this, my friends, is the real destruction of gaming haha.

This is a very sad state of affairs. I think the truth is if they were better managed and did not spend so much money on games (like strangle hold, and i am sorry that was a crappy version of the max pain game mechanics, IMO), they probably would not have been worse off.

HD development is very expensive, so while i do think they should put some energy in that, they should also have put the same energy in creating more quality Wii, DS and PSP content, because you really do not have to sell that many units to start breaking even. But to be fair i am pretty sure this whole economic situation is not helping either

It saddens me that we will probably see this happen with a lot of other companies. Hopefully they can be saved by the bigger companies, but in todays economic market i somehow doubt it. Oh well i guess we will see.

Sad day, I enjoyed midway's games.