Vivendi Delisted From U.S. Stock Markets

Despite the success of subsidiary Blizzard's World of Warcraft, Vivendi Universal has delisted itself from U.S. stockmarkets in an effort to cut costs. 1up reports: "Just because they're moving off the American stock market, however, doesn't mean Vivendi Universal won't seek, rely on or utilize US investors. 'Vivendi Universal intends to maintain and develop its business operations in the US, but wishes to reduce financial costs,' says the company's statement."

Comments

Re:I hope they rely on US investors

[ShibaInu]

GE owns NBC. See http://finance.yahoo.com/q/pr?s=GE.

What this all means

[nelsonal]

The company will get a new shiny 5 letter ticker, and will trade on the pink sheets (home to Cadbury, Nestle, Mitsubishi (not the bank), Samsung) and other big relativly safe foreign companies as well as tiny insanly risky domestic stocks. The one unifying feature of trading on the pink sheets is that you do not have to meet SEC filing requirements (which is a feature for the small companies) the big foreign companies usually meet a similar level of disclosure although the accounting rules can differ from domestic ones. This is likely due to the very high costs of becoming Sarbanes-Oxley complient and if they do not need to why spend the money. Big fund holders are unlikely to sell due to this change, since there will still be liquidity enough to allow them to trade.