I'd heard this a few days back. Normally, what happens next is they sell ther assets to other publishers. Thing is, what assets does Acclaim have?
I remember them best for "Mortal Kombat" but now that Midway publishes home versions, they don't need to license out to Acclaim. The more I think of it, the more I realise that Acclaim has never done anything original/good. The two "best" games they came up with themselves were Turok and Forsaken.
Am I missing something? Is there some other franchise (perhaps back a few years) that Acclaim produced themselves?