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Redstone sells Midway at a huge loss

Sumner Redstone, owner of CBS Corp. and Viacom Inc., sold his 87 percent stake in video-game maker Midway Games Inc. sale to a private investor Mark Thomas for $100,000 to help restructure debts that threaten his family business.

Midway's legacy includes landmark titles such as Mortal Kombat, Pac Man, Ms. Pac-Man, Spy Hunter, Space Invaders Tron and NBA Jam.

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bloomberg.com
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