Midway Sold on Clearance

By Jeremy M. Zoss in Gaming News
Monday, December 1, 2008 at 12:18 pm
mortal_kombat_shaolin_monks_shang.jpg

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?

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