A classic from Midway
Back in October, we ran a headline thus, "Watch Out Midway: Viacom Owner has No Plans to Sell". Guess what's happened? Yes, according to The Wall Street Journal, "Mr. Redstone's holding company, National Amusements Inc., is expected to announce Monday that it sold its 87% stake in Midway to investor Mark Thomas".
According to Reuters, Midway has in fact passed into new ownership for an estimated $100,000 (£67,380 or €79,400). For Thomas gets the company and "$70 million of senior secured and unsecured debt".
According to Reuters, Midway has in fact passed into new ownership for an estimated $100,000 (£67,380 or €79,400). For Thomas gets the company and "$70 million of senior secured and unsecured debt".
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