Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 21, 2014
arrowPress Releases
August 21, 2014
PR Newswire
View All





If you enjoy reading this site, you might also want to check out these UBM Tech sites:


THQ delisted from Nasdaq stock exchange
THQ delisted from Nasdaq stock exchange
January 2, 2013 | By Mike Rose

January 2, 2013 | By Mike Rose
Comments
    4 comments
More: Console/PC, Business/Marketing



Troubled publisher THQ was delisted from the Nasdaq stock exchange over Christmas, and is now listed on OTC Markets until the bankruptcy deal has been approved and set into motion.

The company, now trading under ticker symbol THQIQ instead of THQI, filed for Chapter 11 bankruptcy just before Christmas as it looked to hand its business over to a new owner.

Trading OTC (over-the-counter) means that THQ's stock is not listed on an exchange, and is instead traded over the telephone and electronically, rather than on a physical trading floor.

THQ already struggled to stay listed on the Nasdaq earlier this year, but managed by reducing its total number of common shares, which led to an increase in the price per share.

Concerning this latest shift, it's notable that once the upcoming bankruptcy deal is approved by the courts, THQ will be privately owned and won't be traded at all.


Related Jobs

Infinity Ward / Activision
Infinity Ward / Activision — woodland hills, California, United States
[08.21.14]

Build Engineer-Infinity Ward
Disney Consumer Products
Disney Consumer Products — Glendale, California, United States
[08.20.14]

Contract Game Programmer
Cloud Imperium Games
Cloud Imperium Games — Austin, Texas, United States
[08.20.14]

Lead Network Engineer
Cloud Imperium Games
Cloud Imperium Games — Santa Monica, California, United States
[08.20.14]

Animation Programmer










Comments


Bill Dugan
profile image
NASDAQ has never had a physical trading floor. OTC does mean there's no exchange. http://en.wikipedia.org/wiki/Over-the-counter_(finance)

brandon sheffield
profile image
THQ is going indie!

A W
profile image
I heard rumor that Ubisoft was looking to buy some or all of THQ's properties.

Alan Rimkeit
profile image
I hope that they can buy out the Darksiders IP. That deserves more love from a pub that won't deep six it.


none
 
Comment: