Mark Thomas may have gotten more than he bargained for when he acquired controlling stake in Midway for the low low price of $100,000 and $70 million in debt. The sale—which Midway itself wasn’t aware of until after Sumner Redstone and Thomas agreed to the deal—could end up triggering several provisions in Midway’s bonds which [...]
Continue reading...Friday, November 14, 2008
Want to know how to start a promising company, secure $400 million in funding, and then be forced to shut down 17 months later because you’ve run out of cash? If you do, pay close attention to the story of Brash Entertainment, because that’s exactly what they’ve managed to do, according to Variety. When it was [...]
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Saturday, December 6, 2008
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