Formerly Pitbull Syndicate who developed the successful Test Drive games, until their publisher Accolade were bought out, Pitbull Syndicate were saved by Midway. Soon after, the studio became Midway Newcastle.
After Midway's financial troubles, Midway were bought by Warner Bros. Midway Newcastle was not part of this deal and they sought to find a separate buyer for the studio. On 14th of July 2009, Midway Newcastle was forced to close its doors and lay off 80 employees after a buyer could not be found. Midway CEO Matt Booty travelled to the studio to break the news to the staff.
You can read more about the closure on Senior UI Designer Steve Pick's blog.