Midway Stock Soars At Buyout Rumors

Stock in Midway Games has risen by 14%, after Viacom’s chairman and CEO, Sumner Redstone, filed documents indicated his interest in either buying or raising his stake in the publisher. Redstone is already the company’s largest single shareholder with a 49.51% stake. The company has not reported a net or operating profit in more than four years and the reasons for Redstone’s interest in the publisher is unclear. Source: Reuters