Midway Takeover?

Suffering Midway target of takeover on GameSpot reports on some Midway financial reporting during a year when they released a single, albeit successful, title (The Suffering), and on news that they are a takeover target for my old boss Sumner Redstone:
However, Midway officials couldn't put a positive spin on what happened after their announcement. The company's stock lost 9.8 percent of its value ($0.95) after Viacom CEO Sumner Redstone announced his intention to buy a controlling stake in the company. Currently, Redstone's National Amusements company owns 49.3 percent of Midway's stock, and, according to papers filed with the SEC, he plans on increasing that to "at least" 60 percent.

Speaking to Reuters at a conference, Redstone implied he had big plans for the publisher. "You will see very soon an enormous infusion of great creative talent to Midway--and I mean very soon," he said. Redstone also his interest and investment in Midway was purely personal. "I do not look at this as a Viacom agenda," he said.
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Re: Sumner Redstone
Apr 29, 2004, 10:19
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Re: Sumner Redstone Apr 29, 2004, 10:19
Apr 29, 2004, 10:19
 
"You will see very soon an enormous infusion of great creative talent to Midway--and I mean very soon,"


Good. Their designers need some.

Date
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Apr 29, 2004Apr 29 2004
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Apr 29, 2004Apr 29 2004
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Apr 29, 2004Apr 29 2004
 Re: Sumner Redstone
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Apr 29, 2004Apr 29 2004