Redstone Considers Taking Midway Private
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From Dow Jones/Associated Press
Viacom Inc. Chief Executive Sumner Redstone has hired a financial advisor to evaluate the possibility of boosting his stake in Midway Games Inc. and taking the video-game maker private.
Redstone has increased his stake in Midway to 72.4% from 71.39%, according to a filing with the Securities and Exchange Commission.
Midway shares rose 65 cents, or 5.4%, to $12.63 on the NYSE.
