In a bit of news that will probably shock no-one, the ailing publisher Midway has been removed from the New York Stock Exchange listing, after failing to meet the requirements for trading.
A company has to maintain a share price of at least $1.00 for 30 consecutive days to remain listed on the NYSE - a requirement Midway was reminded of back in November, but has obviously failed to meet.
This news comes after slightly better information that Midway’s Vin Diesel-starring vehicle-based action game, Wheelman, will be co-published with Ubisoft around the world, as Ubisoft handle distribution, sales and marketing duties in most territories, while Midway will continue development with Vin Diesel’s Tigon Studios.
There are also reports that Midway has left the Entertainment Software Association, most likely do to an inability to pay membership fees, which kind of counters the above good news…
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This is sad news, let's hope they manage to sort their financial woes out.
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