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Midway Threatened With NYSE Delisting

r_pad
14 Comments

Posted November 21, 2008 - By r_pad

As if the random dirt from anonymous ex-employees wasn't enough, Midway now faces a possible delisting from the New York Stock Exchange. According to Gamasutra:

"Publisher and developer Midway (This Is Vegas) has been warned that it risks being delisted from the New York Stock Exchange (NYSE), as its share price continues to fall."

While the news is certainly not good, it's not as bad as it seems. The NYSE gives companies a great deal of time (and often several extensions) to get their act together. Midway should have adequate time to fix its woes. Then again, the economy kind of sucks right now and it might be too difficult for Midway to rise up. It will all depend on Midway's executives; they can deftly steer the company out of this turbulent time or it can drive the company further into the ground to the point of delisting.

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Tags: Videogames
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