• Sumner Redstone

    Redstone Dumps Video Game Biz

    By Hamilton Nolan, 10:15 AM on Mon Dec 1 2008, 326 views (Edit, to draft, Top, Slurp)

    As predicted, Viacom chief Sumner Redstone sold his stake in Midway Games for pennies on the dollar, just for the tax benefits. We still think he'll eventually have to sell some or all of CBS to pay his $1.6 billion debt. [WSJ]

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