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Majority Shareholder Sells Entire Midway Stock News

Majority Shareholder Sells Entire Midway Stock News

Sumner Redstone confirms the sale of his 87% stake in the publisher for a measly $100k...

By Jon Wilcox
Posted: 01/12/2008

Just days after it was threatened with delisting, reports from the US have revealed that Sumner Redstone has sold his majority stake in publisher, Midway Games...for $100k.

Redstone's National Amusements holding company had a mammoth 87% stake in Midway, but according to the Wall Street Journal's report, the new stakeholder (an investor called Mark Thomas), not only acquired the shares for pittance, but also its debts of $70 million.

Midway Games recently released Mortal Kombat vs DC Universe, which has so far failed to enter the UK's all format, all price Top 40 chart. The publisher will be launching Vin Diesel vehicle, Wheelman, in February 2009.

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	By: Anonymous Added:Mon 20th Apr 2009 04:33, Post No: 32 stupid
	By: Anonymous Added:Wed 15th Apr 2009 22:20, Post No: 31 stupid
	By: Anonymous Added:Wed 15th Apr 2009 22:19, Post No: 30 sucky
	By: Anonymous Added:Wed 15th Apr 2009 20:49, Post No: 29 vin diesel is gay
	By: Anonymous Added:Wed 15th Apr 2009 20:44, Post No: 28 Avoid At All Cost
	By: Anonymous Added:Wed 15th Apr 2009 20:36, Post No: 27 even if you were the last game place I will rember how bad it was Midway never by form you any more
	By: Anonymous Added:Wed 15th Apr 2009 20:27, Post No: 26 Midway you need to get a life wheelman was so bad I broke the game I will tell every one I can
	By: Anonymous Added:Wed 15th Apr 2009 20:25, Post No: 25 Midway you need to get a life
	By: Anonymous Added:Wed 15th Apr 2009 20:23, Post No: 24 Midway you need to get a liff
	By: Anonymous Added:Wed 15th Apr 2009 20:21, Post No: 23 is any one reading these bad comments