Publishers for Cheap: Midway Sold for US 100,000
summer redstone has sold his 87 percent controlling stake in midway games, inc for us 100,000 or approximately us 0.0012 per share. the 20 year old mortal kombat publisher was sold to a exclusive investor, hike thomas.although the sale is obviously a significant loss proper for redstone, the dirt-low price did secure into him a healthy us 800 million in tax savings against his other company, jingoistic amusements, inc, which is reportedly in debt for on all sides of us 1.6 million.as for midway itself, the future is starting to look sheer bleak. their losses had doubled to us 76 million in the course of just three months ending in september and, more recently, they’re facing delisting in the redesigned york stock exchange for having shares that have very much too little value. when it rains, it pours. good fortunes to you, midway.related articles:
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