Washington Post (Free subscription) | 4 hours ago
Sumner Redstone, the owner of CBS and Viacom, sold his 87 percent stake in video-game maker Midway Games for $100,000 to help restructure debts that threaten his family business.
The Industry Standard (Free subscription) | yesterday
Media mogul Sumner Redstone sold his majority stake in video game publisher Midway Games Inc. on Monday as his family's holding company looks to get out from under a $1.6 billion debt. Redstone, the family's holding company National Amusements Inc. and another entity called Sumco Inc. sold their approximately 87.2 percent interest in Midway to a company led by private investor Mark Thomas,...
Tech News (Free subscription) | yesterday
Sumner Redstone has sold his controlling stake in Midway Games, a move that represents a hefty tax benefit as he works to ease debt.
Law Blog - WSJ.com (Free subscription) | 9 hours ago
Sumner Redstone's holding company is unlikely to restructure its debt this year, despite sitting on $500 million.
Business Daily Reviews (Free subscription) | yesterday
Sumner M. Redstone, the controlling shareholder of Viacom and CBS, said that he had sold his stake in Midway Games as his family’s holding company looks to get out from under $1.6 billion in debt. Source
Financial24 (Free subscription) | yesterday
Media mogul Sumner Redstone has sold his 87.2 percent stake in Chicago-based video game publisher Midway Games to another investor, according to a Monday filing with the U.S. Securities and Exchange
New York News, Weather, and Sports (Free subscription) | yesterday
Sumner Redstone has sold his controlling stake in Midway Games, a move that represents a hefty tax benefit as he works to ease debt.
Planet Xbox 360 (Free subscription) | 3 hours ago
The Wall Street Journal reported today that Sumner Redstone has sold his controlling stake in Midway Games for only $100,000 to investor Mark Thomas; in the process Sumner dumped more than $70 million in past debt.
Law Blog - WSJ.com (Free subscription) | 4 hours ago
Sumner Redstone's holding company is unlikely to restructure its debt this year, despite sitting on $500 million.
TeamXbox (Free subscription) | 10 hours ago
Sumner Redstone has sold his controlling stake in Midway Games for only $100,000...
Digital Media Wire (Free subscription) | yesterday
New York - Sumner Redstone, whose National Amusements holding company controls Viacom (NYSE: VIA) , CBS, Paramount Pictures and other media assets, is expected to announce on Monday that he will sell its 87% majority stake in Midway Games (NYSE: MWY) to investor Mark Thomas, The Wall Street Journal reported. National Amusements will receive just $100,000 in cash for the struggling game publisher,...
Deadline Hollywood Daily (Free subscription) | yesterday
Coming...By Nikki Finke on Mon, Dec 1st, 2008 at 12:00PM No Comments No comments yet.
Silicon Alley Insider (Free subscription) | yesterday
In order to help resolve some of his family's $1.6 billion debt problems, Sumner Redstone's will sell his 87% stake in videogame-maker Midway games to private investor Mark Thomas. The sale will count as a $800 million tax loss, but comes at time when Redstone needs cash -- and a tax break -- now. As a part of a deal to appease debtors, Redstone's holding company National Amusements...
InformedTrades (Free subscription) | yesterday
Sumner Redstone has reportedly sold his controlling stake in videogame company Midway Games to a private investor.Image:...
San Fransisco Chronicle (Free subscription) | 9 hours ago
Billionaire media mogul Sumner Redstone and his holding companies have sold his family's 80.3 million shares in Midway Games Inc. for less than a penny each, according to a Monday securities filing. The sale means a loss of hundreds of millions of dollars,...
