Sections

Midway France and UK branches sold for 86 pence

Wednesday, 12th August 2009 18:28 GMT By Stephany Nunneley

midwaylogo1b

A filing with the US Securities and Exchange Commission has revealed that Midway’s managing director for Europe, Martin Spiess, has purchased Midway’s France and UK offices for €1/86 pence.

Midway UK and France are now owned by Spiess Media Holding UG and Midway’s European teams now have 90 days to sell the rest of the Midway stock they are holding.

Basically a management buyout, Midway Germany’s general manager Uwe Fürstenberg has purchased his end as well.

A clause in the agreement says the offices must drop the Midway name immediately.

Loads more financial and legal stuff regarding this are over on MCV.

Breaking news

3 Comments

Sign in to post a comment.

  1. slayernl

    DAMM for 1 euro I want a nice offices, in 2 countries also :D

    #1 5 years ago
  2. freedoms_stain

    I’ll give him a fiver for them.

    The profit margin is enormous on my offer.

    #2 5 years ago
  3. Jadeskye

    so is now a good time to sell all my midway stock? :p

    #3 5 years ago