mark thomas purchases 87% stake in midway

Peter Owen — Fri, 27 Feb 2009 18:39:05 +0000

What I find so interesting about this article is the following: I would love to know how the transaction works, how you figure out if it’s a good deal, who knows about these opportunities. Another thing I find fascinating is that I know who Mark Thomas is. I understand (or at least partly) his wanting to keep out of the public spotlight and respect that. Why doesn’t he want a more hands on approach to a company that he owns 87% of? I don’t know. One terrific thing about this purchase though is that the video game industry is still booming despite our recession.

Wanted: Information on Mark Thomas, head of Acquisition Holdings Subsidiary I LLC.

His identity is like Batman’s: unknown. Everyone in the gaming metropolis is buzzing about who Thomas, the man who Friday agreed to pay $100,000 for an 87% stake in Midway, the publisher of Mortal Kombat vs. DC Universe, actually is. Here are some bare-bones facts:

* Thomas wants to be a passive investor, said Peter Kolevzon, an attorney with Kramer Levin Naftalis & Frankel, the New York law firm that is representing Thomas in the transaction.
* Thomas is the primary investor and beneficiary of the generically named Acquisition Holdings Subsidiary.
* He does not intend to be on Midway’s board. Nor does he plan to get involved in the management of Midway despite his huge stake in the Chicago company, Kolevzon said.
* He is a U.S. citizen, city unknown.
* He is not granting interviews.

Bruce Wayne may be the Dark Knight, but is this Thomas character Midway’s white knight?

via Mark Thomas: Midway’s mystery man – latimes.com.

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mark thomas purchases 87% stake in midway