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Midway Games is filing for bankruptcy protection, saying it can’t repay looming debt triggered by the sale of Sumner Redstone’s stake in the videogame maker. Midway, famous for its “Mortal Kombat” franchise, saw its shares lose nearly 90% of their value in the past year. (Iwantmedia 2/13, http://www.reuters.com/article/GCA-Economy/idUSTRE51B61720090212 2/12)

Time Warner owns a 20% stake in “Tomb Raider” owner Eidos, the videogame maker that is being acquired for $120 million by Japanese game company Square Enix. But Time Warner is seen as unlikely to enter a bidding war with the “more determined” Square Enix. (Iwantmedia 2/13, http://www.forbes.com/2009/02/12/eidos-square-warner-markets-equity-0212_games_croft_23.html 2/12)

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