Slashdot Mirror
Midway Takeover Looking More Likely?
Thanks to GameSpot for its article discussing Viacom CEO Sumner Redstone's increasing financial stake in publisher Midway, as he "has hired a financial advisor to evaluate options should he increase his interest in the publisher to 80 percent of its common stock", and also "nominated his daughter, Shari E. Redstone, to join the board" The piece also notes: "In spite of the stock reporting 17 consecutive quarterly losses, Redstone has demonstrated unflagging interest in the company, increasing his stake in it from less than 30 percent at the beginning of the year to its current level", and goes on to speculate: "A survey of analyst's comments... suggest a timeline that would see Redstone acquire sufficient Midway stock to take the company private, to be followed by the sale of the company to Viacom. Such a scenario would give Viacom the means to enter the game space through the Midway Games infrastructure [as opposed to the rejected concept of an EA takeover.] Viacom could then leverage its many brands--including MTV and Nickelodeon--to become a significant publisher."
Damn, I saw that headline and figured this had to be the most out of date story Slashdot has ever run. What next, "Archduke Ferdinand Shot By Bosnian!"?
Viacom could then leverage its many brands--including MTV and Nickelodeon--to become a significant publisher.
No bad games could possibly come out of that!
Rob
Personally, I can't wait until "The Real World" Meets "The Sims"
Oh my god, Becky stole Sarahs shampoo! And now she's building a wall to lock her in the bathroom until she starves to death!
WANNAWIKI Wannawiki WannaWiki WANNAWIKI!
A street fighting style game pitting characters from TRL, 106 and Park (BRL), and whatever the hell CMT has on in the afternoon.
Fatality.
Viacom wins!