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

January 2, 2013 | By Mike Rose
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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.


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Comments


Bill Dugan
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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
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THQ is going indie!

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

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


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