Viacom and Midway - Incestuous or Just Friendly Cousins?
Monday - August 23, 2004
In the ongoing saga that is Viacom and Midway Games, today
many sources are reporting that Viacom may indeed soon be the owner of Midway Games. You see, Viacom CEO Sumner Redstone owns over 70% of Midway. If his company buys Midway it may be seen as a bit of a conflict of interest. Therefore, Viacom is being careful, filing Friday with the SEC and naming a three person "independent" advisory board to look at the future acquistion of Midway. No matter what, Viacom wants a game publisher to add to their portfolio, especially with
Warner Bros. taking similar action. For more info, check out the
Gaming Biz story from today.
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