Viacom CEO Considering Taking Midway Private

Viacom CEO Sumner Redstone is possibly making publisher Midway private in the near future, and is currently being advised on his options once his stake in shares goes past 80 percent. Redstone personally holds 72 percent of the company's stock, and has requested not only to reduce the company's board of directors from eleven to eight members, but also add his daughter Shari Redstone as a director.

News source: GamePro

Report a problem with article
Previous Story

ESPN NFL 2005 for $20?

Next Story

Far Cry Instincts: First movie

0 Comments

There are no comments

Commenting is disabled on this article.