Game Developer Midway Raising $82 Million Through Stock Sale

Authored by Mark Hefflinger on April 14, 2004 - 5:32am.

Chicago -- Video game developer Midway Games announced on Tuesday plans to raise $82.3 million through a private placement of 11.3 million shares of its stock. The Chicago-based company said it will use the $78.4 million of net proceeds from the offering for general corporate purposes, including working capital, financing capital expenditures, research and development, marketing and distribution efforts, and acquisitions or strategic alliances. Midway's recent titles include "NBA Ballers" and "The Suffering."
http://biz.yahoo.com/bw/040413/135508_1.html
http://www.midway.com