FTC Clears Redstone to Buy Midway Shares
From Bloomberg News
Viacom Inc. Chief Executive Sumner Redstone’s plan to purchase more shares in Midway Games Inc., the maker of Mortal Kombat and other video games, was cleared by the Federal Trade Commission.
The FTC decision to end a review of the transaction may give Redstone, Midway’s biggest shareholder, enough stock to take the company private.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
