A press release this morning indicates that Bill Gates is interested in Midway.

It's no secret that Midway Games has been struggling. The company has reported 12 consecutive quarterly losses and has suffered a 75% drop in it's stock. Fortunately for Midway Viacom chairman, Sumner Redstone, likes Midway and has recently spent $16.5 million on 4.8 million shares. Interestingly enough, it looks like the world's most famous CEO, Bill Gates, is thinking of buying shares as well.

Investors watching the situation closely speculate that Midway is a prime candidate for a takeover. The company makes good games and is owner to some of the world's most famous franchises, such as Mortal Kombat and the Blitz sports series. Microsoft needs more games as they struggle to catch up to Sony who controls 67% of the video game market in the US.

Analyst believe that if Bill Gates enters into the fray it will spark a bidding war between the Viacom Chairman, Mr. Redstone and Gates. It will be interesting to see if Microsoft will be able to acquire another rather large publishing house.

» Mike Viscel


SOURCE - GamerFeed