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Joystiq

Midway sinks further after Redstone escape

by Jason Dobson on Dec 4th 2008 1:00PM

How low can you go? GI.biz reports that Midway's stock has plummeted some 40% since majority shareholder Sumner Redstone cast off his stake in the company to investor Mark Thomas on Monday and ran for the hills.

Midway's stock currently trades for around 23 cents a share, an all-time low and reason why the company continues to face delisting by the New York Stock Exchange. As Midway's dance of financial limbo persists, we can't help but look on and place bets when the troubled company's back will simply give out and snap in two.

Source

Tags: debt, midway, money, redstone, stock

Reader Comments (26)

Ill take 2 shares please.....

So what the hell is Ozzy advertising? Once it pops up I just close the window because every time I see it I click close and nothing happens. And before you say "ADBLOCK PLUS!!!", shut up. I shouldn't have to install add-ons to view a site properly.

I know dude. That shit is really getting on my nerves. And then it's not like if I can just close it. The damn thing still stays there after I close it! So I have to open and close the browser and hope it doesn't come up again.

And I have adblock plus and it doesn't work on ads that take up the whole screen.

So I go to upvote your comment, and then I get this full screen ad about some pen! I click close, and it just moves the close button out of reach and makes me watch this video, I click close again and it does the same thing! WTF joystiq this is insane!

Come on, is it really that hard to take 30 seconds out of your day and remove ALL annoying advertisements from your web surfing? That's the only way I could browse this website without going insane.

@ToRo-Are you using any filters for ads? I have not seen any of these full screen ads on my visits. Try going into AdBlock Plus and applying the USA filterset (assuming you're in USA)

I've found just hitting refresh takes the ad away the fastest.

I user several computers throughout the week (depending on where I'm at) to read Joystiq and not all of them have adblock.

AD BLOC-Oh...
*reads the rest of your post*
*walks away whistling an innocent tune*

Need Moar humming bird.

Why don't I ever see these ads? I'm not using Adblock, just Safari on a Mac with "Block popups" turned on.

so I guess its safe to place bets on who will get the MK franchise. Anyone?

I hope Team Ninja or Namco can snatch it up, FIX EVERYTHING, and release it as MK: Rebirth.

But that would be a waste of everyone's time.

Mortal Kombat vs Bankruptcy Protection. Try that one on.

A man walks into a bar. He says, "Ouch."

Two guys walk into a bar, the third one ducks.

Sumner Redstone = fake person. No way that name is real. Or is it Sumner Treadstone???? >.>

I'd take his fake billions along with his ownership of Viacom.

@ JWC

No no, its real. Like meteorologists with the most common names.

Sam Champion (NY)
Greg Gust (North Dakota)
Storm Field (NJ)
Johnny Mountain(LA)
Ray Ban (the Weather Channel)

Midway would work well as a subsidiary to a larger publisher anyway. They have a few good franchises that could help one of the big boys (Ubisoft, EA, and Activision) fight against each other

Nobody wants to buy Midway as they are, because the majority of what they make isn't worth looking at financially (or else they wouldn't be in such trouble), but someone could buy them and gut them down, leaving the Mortal Kombat team and perhaps one or two others intact

Wasn't it only two years ago they were doing well? I know someone back then who was working there. Didn't battle stations do well? I know they got bonuses for all employees.

Is MK vs DC really no good?

FINISH HIM!

BANKRUPTALITY!

Flawless Insolvency

TOASTY!!

MK vs DCU is so fun though...god I hope EA doesn't get the MK series...

Giving it to anyone who can at least improve the animation is a step in the right direction.

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Breaking News

Midway sinks further after Redstone escape

Reader Comments (26)

Posted: Dec 4th 2008 1:09PM Dirty said

Posted: Dec 4th 2008 1:21PM (Unverified) said

Posted: Dec 4th 2008 1:51PM (Unverified) said

Posted: Dec 4th 2008 1:59PM (Unverified) said

Posted: Dec 4th 2008 2:06PM (Unverified) said

Posted: Dec 4th 2008 2:08PM (Unverified) said

Posted: Dec 4th 2008 2:11PM Courtney said

Posted: Dec 4th 2008 2:29PM Negatron said

Posted: Dec 4th 2008 2:42PM Shagittarius said

Posted: Dec 4th 2008 3:49PM IslandLife said

Posted: Dec 4th 2008 1:38PM (Unverified) said

Posted: Dec 4th 2008 10:12PM (Unverified) said

Posted: Dec 4th 2008 1:39PM refinedsugar said

Posted: Dec 4th 2008 1:42PM LaughingTarget said

Posted: Dec 4th 2008 2:17PM Courtney said

Posted: Dec 4th 2008 1:51PM wcanyon said

Posted: Dec 4th 2008 2:01PM Iwa said

Posted: Dec 4th 2008 2:37PM Negatron said

Posted: Dec 4th 2008 2:05PM Mr Khan said

Posted: Dec 4th 2008 3:35PM MrIronic said

Posted: Dec 4th 2008 2:18PM Edge of Blade said

Posted: Dec 4th 2008 2:39PM (Unverified) said

Posted: Dec 4th 2008 2:43PM Edge of Blade said

Posted: Dec 4th 2008 3:36PM Dirty said

Posted: Dec 4th 2008 8:42PM (Unverified) said

Posted: Dec 4th 2008 10:17PM (Unverified) said

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