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Redstone Increases Midway Stake

Viacom CEO Sumner Redstone has increased his stake in Midway to over 40%. Redstone now owns an estimated $22.8 million shares in the company and has been a loyal supporte...

David Jenkins, Blogger

March 10, 2004

1 Min Read

Viacom CEO Sumner Redstone has increased his stake in Midway to over 40%. Redstone now owns an estimated $22.8 million shares in the company and has been a loyal supporter of the company despite its recent troubles. This latest investment no doubt arose after the company recently secured a new loan and revolving credit facility. Source: Polygon

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David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

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Opinion: How will Project 2025 impact game developers?

The Heritage Foundation's manifesto for the possible next administration could do great harm to many, including large portions of the game development community.