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Midway Games Inc. (MWY)

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Market Currents

  • Monday, December 1, 2008

  • 07:27 AM Sumner Redstone's holding company, National Amusements, will announce today it's selling its 87% stake in Midway Games (MWY) to investor Mark Thomas for $100,000 and the assumption of $70M in debt. The sale is expected to ease pressure on the family's stressed relationship with its lenders. Comment!