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Viacom Sneaking Up On Midway Takeover?

Posted by simoniker on from the don't-wake-the-kombat dept.

Thanks to GameSpot for its article discussing more evidence that Viacom may be considering a takeover of publisher Midway, following Viacom CEO Sumner Redstone's increasing financial stake in the company. Redstone noted in an SEC document: "The management of Viacom Inc. has... considered the possibility of participating more extensively in the electronic games business... Midway could be considered as a potential licensee of Viacom intellectual property, or as an acquisition candidate." It's noted that: "Regardless of whether Viacom buys Midway, the filing clears the way with regulators for Midway to compete for Viacom licenses." In any case, with Warner Bros also making in-roads into the game market, it seems some larger media conglomerates are considering getting back into the games industry.

2 of 13 comments (clear)

  1. Re:So, what does it mean for us? by Anonymous Coward · · Score: 2, Funny

    Heh. Why not? Neither franchise can get much worse.

  2. Re:So, what does it mean for us? by geminidomino · · Score: 2, Funny

    If that means we don't get another crappy Star Trek movie for 4 years after he announces how awesome it's going to be, I think it's a GREAT plan!