Tag Archives: delisting

Midway’s stock’s dropped 40 percent since Sumner Redstone dropped his 87 percent share in the firm for a song earlier this week.

The publisher is now trading at 23 cents.

Midway was served a delisting notice from the NYSE in late November, so we really could be seeing the end here.

Watch and wince.

As reported by Gamespot, Midway’s been served a delisting notice by the New York Stock Exchange due to its failure to reach a minimum average closing price of $1.00 per share for the last 30 trading days.

The company has six months to raise its stock price before the NYSE takes further action. For its part, the publisher said that it “plans to notify the NYSE that it will seek to cure the deficiency.”

Ropey. More through there.

According to this IGN story, Xbox Live boss John Schappert said at TGS today that there aren’t any plans to remove badly performing titles from Live itself.

If you recall, Microsoft said in May that XBLA games that were either selling poorly or had received bad review scores would be removed from Live.

“We have no immediate plans to act on de-listing,” he said, adding that the firm had merely “set parameters by which we can delist” games.

More through there.

Whoops. Nasdaq’s confirmed that Atari has been delisted from the US exchange and that all trading in its shares will be suspended as of this morning.

See after the link, courtesy of GoNintendo.

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