Midway’s shares slump 12%

Wednesday, 22 October 2008 09:58 GMT By Mike

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Midway’s shares slumped 12% on the New York Stock Exchange yesterday, meaning the sare value hit a 52 week low of 79 cents per share, writes Edge.

Meanwhile, Forbes is reporting “that Sumner Redstone, the majority-owner of Midway Games’ parent company National Amusements, is said to be ‘wrapped up in talks with his creditors’.”

Oh dear.

More through the links.

By Mike Bowden

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