In an effort to stay afloat, it appears Midway is planning to sell off many of their current assets, one of which might be the Mortal Kombat franchise. Gaming news site Kotaku is claiming that Midway has listed Mortal Kombat in bankruptcy court documents as one of the assets they may sell if they cannot successfully reorganize.

Another objective (so important it's actually listed twice) is being able to secure the "execution of an asset purchase agreement for the sale of Midway's Mortal Kombat franchise assets."

On the one hand, selling off the Mortal Kombat rights might net them enough cash to keep their heads above water. On the other, however, Mortal Kombat is the only thing Midway have left.

According to their source, Midway has apparently set aside bonus money for 29 eligible employees, such as officers, management-level employees and other non-insider key employees, who can reach certain milestones for the franchise.

Milestone: Either (i) execution of an asset purchase agreement for the sale of Midway?s Mortal Kombat franchise assets or (ii) submission by Midway of a plan of reorganization to continue as a going concern. Bonus Amount: $1,292,500.

Milestone: The earlier to occur of (i) confirmation of a plan of reorganization or liquidation or (ii) closing of a sale of Midway?s Mortal Kombat franchise assets. Bonus Amount: $1,965,000.

What this means is that Midway is only retaining the sale of Mortal Kombat as an option, should they fail to successfully reorganize or liquidate the franchise. This is indeed NOT confirmation that they intend to do so without exhausting all other options first.