THQ Delisted from NASDAQ Stock Exchange

In what can only be described as the first non-shocking news story of 2013, THQ announced that it was delisted from the NASDAQ stock exchange over the Christmas holiday period. The company's stock will now be traded on the OTC (over-the-counter) Markets – at least until Chapter 11 bankruptcy has been sorted out.

The company announced on December 19 that it had filed for Chapter 11 bankruptcy protection and would sell its holdings and assets to affiliates of Clearlake Capital Group, L.P., who will serve as a "stalking horse bidder." The deal, if approved by the bankruptcy court, would allow THQ to sell the company to any interested parties.

The company's stock will be traded under the OTC ticker symbol THQIQ. We will have more on this story as it develops.

Source: Gamasutra by way of Andrew Eisen.

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