Midway's creditors—and the judge presiding in the company's bankruptcy case—sound... displeased by the Chicago-based developer and publisher's sale to private (mystery!) investor Mark Thomas. The judge calls it "a matter of very, very serious concern."
Sumner Redstone's offloading of the majority ownership of Midway on Monday has had a profound negative effect on the company's stock, which has fallen 40% since the beginning of the week.
Talk about your Black Friday deals. Hoping to resolve debt issues, stodgy old-timer Sumner Redstone has sold his controlling interest in Midway Games for approximately $100,000.