Entries tagged "Midway Games"
For Viacom, the purchase of Harmonix has been nothing but sweet music, but will its decision to bet on The Beatles hit a sour note?
As though bankrupt Midway Games didn't have enough problems, 'Fast & Furious' actor Vin Diesel is ticked off at the video game publisher.
Activision CEO Robert Kotick is the second company executive to comment on dealmaking in the last week, and inadvertently may have hinted at its target.
Media titan Sumner Redstone's credit has been maxed out, and he's scrounging for a way out. Redstone already sold his 80% stake in Midway Games Inc. for $100,000, also translating into an estimated $800 million in tax losses on the investment in the video game publisher. Meanwhile, it looks like things are going from bad to worse for Redstone as The Wall Street Journal reported Tuesday that his holding company, National Amusement Inc., will likely not reach a settlement to restructure its $800 million in debt before the end of the year when it's due. Overall, National Amusement owes...
