MediaMemo has a piece up talking about the state of Midway, who's original holding company, Redstone National Amusements, as owned by Sumner Redstone sold his 87 percent stake just before the weekend for an incredible USD $100,000 to a private investor, Mark Thomas.

Redstone's National Amusements holding company has sold its 87 percent stake in Midway (MWY) for $100,000, plus the assumption of $70 million in debt, to Thomas. On Friday, that stake was worth something like $30 million.

The real upside for Redstone, will be a tax loss of some $800 million, though it's unclear how he will be able to use that to help restructure his debt. Over the years,
Redstone invested an estimated $500 million in the game maker.

An official announcement regarding the incredibly cheap selling of Midway is expected soon, which should also paint a better picture for the future of the company who only just released their Mortal Kombat Vs DC Universe title.

In other publisher acquisition news, the UK's Daily Mail newspaper has purportedly outed Ubisoft and EA as potential purchasers of SCi Entertainment, the parent company to Eidos, publisher of Tomb Raider.

SCi Entertainment, the owner of the Lara Croft Tomb Raider computer games franchise, is in bid talks once again. It follows a nightmare year for the firm in which its losses have quadrupled and the share price has slumped 92 per cent. A source familiar with the matter said discussions are at an 'early-stage' and that SCi received approaches from two separate firms within the past few weeks.

The "two" firms are suggested to be both EA and Ubisoft.