Sumner Redstone owned 87% of Midway's shares...
Sumner Redstone is 1.6 billion dollars in debt...
Midway is 70 million dollars in debt...
Midway's debt isn't helping Sumner...
Sumner Redstone sold his shares of Midway to Mark Thomas...
For 1 hundred thousand dollars...
Now Mark Thomas is the new major share holder of Midway...
Therefore he also assumes Midway's 70 million dollar debt...
Why would he buy a company for so cheap, to accumulate so much debt?
I don't know, but let's hope this guy has a lot of money...
http://online.wsj.com/article/SB122810340075068473.html