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Redstone Sells Midway Stake

Dec 1, 2008  •  Post A Comment

Sumner Redstone is expected to announce the sale of his controlling stake in Midway Games, the Wall Street Journal reports. Mr. Redstone, who also controls Viacom and CBS, is in negotiations to restructure his family’s $1.6 billion debt and has vowed not to sell more Viacom or CBS stock to satisfy lenders.
—Jon Lafayette

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