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Vivendi Delisted From U.S. Stock Markets

Posted by Zonk on from the prop-up-your-worth-in-wow-gold dept.

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."

2 of 29 comments (clear)

  1. Investors beware... by general_re · · Score: 4, Insightful
    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.

    Yeah. The problem for those investors is that Vivendi's reporting and disclosure requirements just got a whole lot looser. Better get a real close look at their books if you're planning on sending any money their way.

    --
    ABSURDITY, n.: A statement or belief manifestly inconsistent with one's own opinion.
    1. Re:Investors beware... by MindStalker · · Score: 3, Insightful

      Exactly my thoughts. The article does say "he company has vowed to stand by the US Securities Exchange Act of 1934 and will continue to comply pending their eventual deregistration." But the doesn't mean they are going to be complying with newly enacted reporting requirements, or even anything required since 1934.. :) They arn't legally bought to the act either way. Though I'm sure the European exchange does have its rules, I couldn't help but think new requirements like full disclosure of Executive perks to be a primary reason.