Midway Sold on Clearance
Posted by Jeremy M. Zoss at 12:18 PM Dec 01, 2008
Poor Midway. For some reason I'm pulling for them, even though the company hasn't produced a game I care about for a long, long time. Maybe I should give up hope. It seems that longtime investor Sumner Redstone has. Redstone, who has been the majority shareholder in Midway for many years, has sold his stake to investor Mark Thomas for a paltry $100,000. In reality the math is a little more complicated than that, but what it boils down to is that Mr. Redstone now has a little more cash on hand and a lot less debt. But the big question remains: will Midway's new owners still pump out the shoddy Mortal Kombat merchandise like the action figure above?
Comments
I assume Shang Tsung's spring action demon punch is similar to my spring action donkey punch.
S
Posted 12/02/2008 at 07:46:37 AMYou know, when I was in college I wrote and drew a weekly comic strip for the school paper, and named it Donkey Punch. When the editor asked what the name meant I lied, "Um, it's a kind of mixed drink we make at the dorm parties." So for a full semester, I got to open the college paper each week and read "DONKEY PUNCH by Gary Hodges."
True story.
Posted 12/02/2008 at 10:33:45 AMMidway hasn't made a profit since 1999. It was only a matter of time.
Posted 12/03/2008 at 02:46:10 PM