New York
- Sumner Redstone, whose National Amusements holding company controls Viacom (NYSE: VIA),
CBS, Paramount Pictures and other media assets, is expected to announce on
Monday that he will sell its 87% majority stake in Midway Games (NYSE: MWY) to investor
Mark Thomas, The Wall Street Journal reported. National Amusements will receive
just $100,000 in cash for the struggling game publisher, while Thomas will also
assume $70 million in secured and unsecured debt.
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