Midway isn’t the only company feeling the pinch in these troubled economic times, but yesterday they were hit especially hard, according to Forbes. The company’s stock hit a 52-week low today, losing 12% of its market value, with owner Sumner Redstone facing the possibility of selling more assets to help keep it afloat.
Today it dipped even further, bottoming out at 79 cents a share, closing at 90 cents. The company recently cut loose some of its licenses to improve its financials, something we hope sales of Mortal Kombat vs. DC Universe goes a long way to revitalising.
Tell you what Midway, you put out a respectable copy of Hydro Thunder on Live or PSN, and I’ll buy two copies. Hope that’ll help. 🙁
Bad Day For Midway [Forbes]