Midway Games today announced that it has acquired Paradox Development, the studio which is now developing Midway's upcoming game, Mortal Kombat: Shaolin Monks. Midway acquired privately-held Paradox in an all-stock transaction for 333,334 Midway common shares. This is the the third acquisition in recent months, after Inevitable Entertainment (known for AREA 51) in October and Surreal Software (known for The Suffering) in April.