Redstone Shows interest in Midway StockThis article comes from Highwaygames.com ![]() Redstone, who currently owns 25 percent share of Midway may try to stop 3rd party interests from Sega and Microsoft by buying a controlling interest in the company. Midway shares are currently at US$9, down significantly from its full-year high of $24. As ZDNet's Gamespot reports; "Like many other companies in the video game industry Midway is in the midst of a financial slump as the industry transitions to next-generation consoles - the company expects to lose 52 cents a share in the fiscal 2001. However, it has fifteen games in development for the Sony PlayStation 2 and will continue its support of the Sega Dreamcast. The company also expects to strongly support the Microsoft Xbox and Nintendo GameCube platforms. With recognizable franchises such as Ready 2 Rumble, NBA Showtime, NFL Blitz, and Mortal Kombat the company is expected to recover and report strong earnings by 2002, which also makes it a viable target for acquisition at its current stock price." https://www.highwaygames.comhttps://www.highwaygames.com/arcade-news/redstone-shows-interest-in-midway-stock-123/ Copyright © 1999 - 2025, Highwaygames.com All Rights |