Midway is Sold for Pennies on the Dollar

December 1, 2008 -

Financially-troubled game publisher Midway has been sold for a mere pittance of its former value.

Reuters reports that media tycoon Sumner Redstone (left) unloaded his controlling interest in the Mortal Kombat publisher for $0.0012 a share, or about $100,000.

Hell, at that price any gamer with a full-time job could have gotten a loan and owned their own game company.

The buyer is investor Mark Thomas. In addition acquiring Midway's assets, however, Thomas also bought himself $70 million worth of Midway debts.

In doing the deal Redstone, 85, takes a huge loss on his initial investment in Midway but realizes an $800 million tax saving for his media conglomerate, National Amusements.

As for Mark Thomas, in a year or two we might be toasting him as the man who saved Midway. Or, he could be the answer to the trivia question, "Who was Midway's final owner?"


Comments

Re: Midway is Sold for Pennies on the Dollar

Aple 3G İphone travesti enter travesti blog willent travesti english you travesti off bu yea travesti kilchars travesti vailend bu travesti i like the travesti older shup travesti naile shemale travesti denche travesti klass chi travesti istanbul escort eskort hvaile escort the sub porno izle inc porno izle edit porno izle vulletn porno izle older year porno izle siple bedava in porno izle Nofo Glad Yopu

Re: Midway is Sold for Pennies on the Dollar

thank you admin

msn show parça tl

Re: Midway is Sold for Pennies on the Dollar

Hey there, thank you for the heads up on this I really appreciate that you took time to share this thing with the readers, going to bookmark your blog right away! And one thing is defibitely right " Midway is solid for pennies on the dollar" Freestyle Medela

 

Merhaba

This post makes no sense to me

sohbet - sohbet siteleri - özlü sözler - sevgi sözleri - madencilik - sikiş

Re: Midway is Sold for Pennies on the Dollar

$0.0012 a share" I could have got couple shares at this price :)

________________

Marketing Paper

Re: Midway is Sold for Pennies on the Dollar

film izle

 

Great thoughts and great ideas for accounting.

Re: Midway is Sold for Pennies on the Dollar

Great thoughts and great ideas for accounting.

Accounting papers

Re: Midway is Sold for Pennies on the Dollar

Thanks good job;

Btw, I think Atari and Midway will drop out too, but mostly travesti because  these guys have done nothing travesti or little and need to start saving costs. and dizi izle

YES.

Now I don't have to get off my ass for the important shit anymore!

Whats next, ordering pizza from Xbox live?

Wait... I think that sounds like a good idea.

But I think voting should MAKE you get off your ass, and see outside or a second while you go vote. I mean, your picking the president of the United States of America for God's Sake... least you can do is drive down there and punch out a card.

 

Re: Midway is Sold for Pennies on the Dollar

I'm all for freedom of ttnet vitamin speech and allowing rent a car game makers to put whatever they want in games, but there's one thing about this app that has me scratching my head.  Correct me if I'm wrong, but from araç kiralama the previous article araba kiralama on this I gathered that players can use Google maps in-game to find the other (real-life?) dealers in their area.  If this is the case, has travesti anyone considered what's stopping someone from using this app to actually move drugs between hands for reals?

But majority araba kiralama of their outrage araç kiralama stems from what it could DO TO children, not the content itself.  Talk to one of these people and you'll find they don't think any books kiralık araba should be banned from children.  Mention American Psycho and they talk about kiralık araç the redeeming value of using imagination to construct a story.  Reading, no matter what the content, is largely viewed as a consequenceless activity for people of any age.  The reason why I mention American Psycho is because of the content itself.  Gaming never has and likely never will have any scenes where someone has sex with a severed head.  Not gonna happen.  Yet despite this, they'll fight tooth and nail to protect their children from two boys kissing in Bully but whatever they read is harmless... yeah.

The entire arguement is kiralık oto based upon a social normality inflicted by luddites who can't figure out the controls for Halo so it's frightening and terrifying and obviously the cause of youth violence on the rise even though, in reality, it's in decline (which is actually a HUGE suprise given minibüs kiralama the economies status).  In  a perfect world, we would have parents that actually parent.  The idea of sales restrictions on media on oto kiralama any form to accomidate parental unwillingness to get involved with their child's life is the real problem to me.  Here I am, 32 years old, and being held up at a self-scan rent a car needing to show ID before I can buy a $10 M rated game all because Soccer Momthra can't be bothered to look at the crap Billy Genericallystupidson does in his free time.  It's too hard for her, so I have to suffer?

Re: Midway is Sold for Pennies on the Dollar

Re: Midway is Sold for Pennies on the Dollar

This might be good news. The IP the company owns is very robust, and carefully planned Virtual Console/Playstation Network/Live Arcade releases would tackle a chunk of debt right there. What the company needed to dp before getting to the point where it was offloaded so cheaply was a revival of the classic series.

The Cruisin' series begged for a VC release, at least... If not a new entry.

Re: Midway is Sold for Pennies on the Dollar

Midway sold that cheap? Wow. I have a friend who is an Mortal Kombat fan who could have probably qualified for that loan.

Re: Midway is Sold for Pennies on the Dollar

I would buy Midway, bring back Ready2Rumble, and use my new innovative ideas for a fighting game to be used with the MC license. I have some great ideas that I would love to try.

Re: Midway is Sold for Pennies on the Dollar

If Atari can turn it around fast enough, I would love to see a reunified Atari Corp.

Someday...

Re: Midway is Sold for Pennies on the Dollar

I would buy Midway, bring back Ready2Rumble, and use my new innovative ideas for a fighting game to be used with the MC license. I have some great ideas that I would love to try.

----------

Film izle - video izle

Re: Midway is Sold for Pennies on the Dollar

I hope he does not tone down the next MK game. :(

Re: Midway is Sold for Pennies on the Dollar

That sucks... I like Midway...

 

If they want to cash in on a sequel, I'd like to see another Hydro Thunder.

--- Official Protector of Videoland!

--- Official Protector of Videoland!

Re: Midway is Sold for Pennies on the Dollar

Shit, I would've bought midway at that price.

My solution?  NEW SMASH TV FOR EVERYONE, BITCHES!

Re: Midway is Sold for Pennies on the Dollar

no bank in thier right mind would have loaned you the money without wanting to see some financial statements.

and once they'd seen them.... You'd never get the loan.

Re: Midway is Sold for Pennies on the Dollar

How to save Midway:

1) Put new/better talent on the MK team: MK vs DCU looked & played like an XBox1/PS2 game.  Hell, try and get better talent alltogether.  TNA Impact! should have been so much better...

2) Tap into your classic properties Capcom-style.  A new hi-res remake of Smash TV would do well on XBLA and PSN.

3) Stop taking risks with new IP for now.  Blacksite: Area 51 should not have been released given its quality.

Re: Midway is Sold for Pennies on the Dollar

DAMN! I wish I had known. I would done the same thing in a heartbeat. The IP Midway controls could easily generate big money. Some guys have all the luck...

---------------------------------------------------------------------------

"The most difficult pain a man can suffer is to have knowledge of much and power over little" - Herodotus

--------------------------------------------------------------------------- "The most difficult pain a man can suffer is to have knowledge of much and power over little" - Herodotus

Re: Midway is Sold for Pennies on the Dollar

I dont think so world is ready to see one more bankrupt.

http://www.blueunplugged.com/p.aspx?p=122588

Wii Games

 

 

Re: Midway is Sold for Pennies on the Dollar

Suck it, Redstone!

---You are likely to be eaten by a Grue.

---You are likely to be eaten by a Grue.

Re: Midway is Sold for Pennies on the Dollar

This is sad. Midway at one point was a decent publisher. They don't deserve this end.

I would hope a new owner would be able to turn them around before they go bankrupt.

E. Zachary Knight
Oklahoma City Chapter of the ECA
MySpace Page: http://www.myspace.com/okceca
Facebook Page: http://www.facebook.com/profile.php?id=1325674091

Re: Midway is Sold for Pennies on the Dollar

that's like saying teh BeeGee's used to put out good music.... while it's true, it's been a while....

Re: Midway is Sold for Pennies on the Dollar

he spent a hundred grand, to buy 70 million in debt.....

He'd better have a few.... i mean 70 million, aces up his sleeve.

 
Forgot your password?
Username :
Password :

Shout box

You're not permitted to post shouts.
Matthew Wilsonhttp://arstechnica.com/tech-policy/2014/07/podcasting-patent-troll-we-tried-to-drop-lawsuit-against-adam-carolla/ the podcasting patent troll scum is trying to turn tail and run.07/29/2014 - 9:50pm
MaskedPixelanteOf course it's improved. At launch, Origin was scanning your entire hard drive, but now it's just scanning your browsing history. If that's not an improvement, I dunno what is!07/29/2014 - 8:59pm
Papa Midnighthttp://www.escapistmagazine.com/articles/view/video-games/columns/experienced-points/12029-Has-EAs-Origin-Service-Improved-Any-Over-the-Last-Two-Years07/29/2014 - 8:25pm
Sora-ChanSo it's just a matter of having better emulation software. If it can be done with a 3DS game, with all the memory and what not it takes up, it can be done with a GBA title through emulation.07/29/2014 - 7:30pm
Sora-ChanOther VC titles for the NES and Gameboy had the same setup where you couldn't access the homescreen without quitting out of the game til a later update when those games were released for the public outside of the founder program.07/29/2014 - 7:28pm
Sora-Chanthe 3DS can, and does, run GBA games, as seen by the founder gifts, which included a number of GBA titles. As for running GBA games and still having access to the home screen, I beleive it's more of the game emulation software needs to be updated.07/29/2014 - 7:27pm
Matthew Wilsonthe 3ds already swaps os's with the original ds. plus I dont think people expect miverse interaction when playing a gba game.07/29/2014 - 6:06pm
MaskedPixelanteBut that's not the issue, the 3DS is perfectly capable of emulating GBA games. The problem is that it doesn't have enough available system resources to run it alongside the 3DS OS, and thus it doesn't have access to stuff like Miiverse and save states.07/29/2014 - 5:45pm
Matthew WilsonI am well aware that it requires more power, but if a GBA emulator could run well on a original psp, than it should work on a 3ds.07/29/2014 - 5:36pm
ZenThe reason the SNES could run Gameboy, or the Gamecube could run GBA was because their adapters included all of the necessary hardware to do it in the respective add-ons. The systems were just conduits for control inputs and video/sound/power.07/29/2014 - 4:51pm
ZenMatthew: Emulation takes more power than people realize to run a game properly. You can make something run on less, but Nintendo...as slow as they are at releasing them..makes them run as close to 100% as possible. Each game has its own emulator for it.07/29/2014 - 4:47pm
Matthew Wilsonkind of hard to believe since the 3ds is atleast as powerful as the gamecube hardware wise.07/29/2014 - 4:27pm
MaskedPixelanteYes, the 3DS has enough power to run 16-bit emulators, but not at the same time it's running the 3DS systems themselves. You could run the games, but you wouldn't get save states or Miiverse.07/29/2014 - 4:04pm
InfophileRunning GBA on 3DS shouldn't be hard. The DS had flashcarts sold for it that added just enough power to emulate GBA and SNES games, so the 3DS should have more than enough natively.07/29/2014 - 3:37pm
MaskedPixelanteIt's a bunch of people whining about boycotting/pirating Trails in the Sky FC because XSEED didn't license the Japanese dub track, which consists of about 10 lines per character.07/29/2014 - 11:27am
Sleaker@MP - devolver Digital issued a twitter statement saying they would replace the NISA pledge.07/29/2014 - 10:57am
E. Zachary KnightIs that a discussion about RIAA member music labels?07/29/2014 - 10:48am
MaskedPixelantehttp://steamcommunity.com/app/251150/discussions/0/43099722329318860/ In this thread: Idiots who don't understand how licensing works.07/29/2014 - 9:20am
MaskedPixelantehttp://www.joystiq.com/2014/07/28/gaymerx-in-dire-straits-after-nis-america-allegedly-backs-out-of/ NISA backs out of GaymerX support, but it seems like the only people crying foul are GaymerX.07/29/2014 - 6:30am
Papa MidnightIt's not bad so far, but I am honestly not sure what to make of it (or where it's going for that matter)07/28/2014 - 9:44pm
 

Be Heard - Contact Your Politician