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Redstone Increases Midway Stake

Viacom CEO Sumner Redstone has increased his stake in Midway to over 40%. Redstone now owns an estimated $22.8 million shares in the company and has been a loyal supporte...
Viacom CEO Sumner Redstone has increased his stake in Midway to over 40%. Redstone now owns an estimated $22.8 million shares in the company and has been a loyal supporter of the company despite its recent troubles. This latest investment no doubt arose after the company recently secured a new loan and revolving credit facility. Source: Polygon

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