NEWS - Tuesday, June 8, 2004


Viacom Taking Midway Private?

June 08, 2004 - Reuters reported today that Viacom Chairman Sumner Redstone has taken another step in his interests in Midway Games by hiring a financial advisor to assist in possibly taking game publisher private. Redstone is already the controlling shareholder in Midway, with a 72.4% stake both personally and through his company National Amusements. In a report filed with the US Securities and Exchange Commission, Redstone said he hired the advisor, who is unnamed, to help evaluate whether to take Midway private or to increase Redstone’s share to more than 80% of the company. Redstone’s interest in Midway comes at the end of four years without profit for the company. The Viacom chairman has said he intends to reinvigorate the developer and publisher with new talent, and that his actions are not part of a larger plan to merge Midway with entertainment giant Viacom. At the time of the Reuters article, Midway shares were up 9% to $13.03, indicating a positive investor reaction to the news so far. We’ll keep you updated.
Source: http://www.ign.com

Site Statistics

Registered Members: 62,385
Forum Posts: 725,950
Xbox One Titles: 4,433
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,323
Member Reviews: 10,339
News Articles: 16,375
Screenshots: 36,611
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News





Hokko Life Coming to Consoles September 27th

Hokko Life Coming to Consoles September 27thHokko Life invites players to customise and cultivate their very own cosy community, with mini-games, friendly villagers, and an intricate design tool all coming together to create a charming environment for players to put their own stamp on.




See News Archives

Community Forum Activity

KeyWe Giveaway!
Post by Variation-XBA
0 Replies, 4724 Views

2021: XBA is still here
Post by shrew king
23 Replies, 38105 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 74297 Views

Xbox Series X or S
Post by Nato King
5 Replies, 87390 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 90240 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 99742 Views

Xbox one no signal
Post by debrartin
0 Replies, 97631 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 102011 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 75549 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 137795 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 99157 Views

Squad Up
Post by samslophead
0 Replies, 179452 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 131182 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 225273 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 126649 Views

© 2000-2022 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics