Vivendi Delisted From U.S. Stock Markets 29
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."
Investors beware... (Score:5, Insightful)
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.
Re:Investors beware... (Score:4, Insightful)
Re:Investors beware... (Score:5, Interesting)
Re:Investors beware... (Score:1)
Re:Investors beware... (Score:2)
That sounds like a forward-looking statement, which cannot be guaranteed :)
Though I'm sure the European exchange does have its rules...
I'm sure they do too, but US listing rules are just about the toughest in the world. I don't know much about French requirements particularly, but I do know that companies can be perfectly compliant with listi
Re:Investors beware... (Score:3, Interesting)
Do keep in mind that, contrary to popular belief, buying stock in a company (other than at IPO) sends no money to the company. The money you pay,
Re:Investors beware... (Score:2)
Of course, but the advantage to investing in exchange-listed stocks is that the disclosure requirements and SEC filing requirements give potential investors far more information than what is required of delisted or unlisted companies. If you plan to hit the pink sheets, be my guest, but that's not much more than high-stakes gambling, IMO :)
Re:Investors beware... (Score:2)
Not true. You can only avoid the reporting requirments if you have less than 500 investors and less than 10 million (US) dollar in assets. (One su
Re:Investors beware... (Score:2)
Re:Investors beware... (Score:2)
I never claimed otherwise. But the disclosures required by the NYSE are just pretty window dressing on top of the one required by the SEC.
The minimum standards for listing aren't all that impressive, and the oversight rules of the exchange are toothless
Re:Investors beware... (Score:2)
Stock no longer public? (Score:1, Troll)
Re:Stock no longer public? (Score:2)
Re:Stock no longer public? (Score:1)
Re:I hope they rely on US investors (Score:1, Informative)
Re:I hope they rely on US investors (Score:1, Offtopic)
Re:I hope they rely on US investors (Score:2)
You were slightly wrong, NBC's parent company is now NBC Universal, which is owned 80% by GE, and 20% by Vivendi Universal.
Re:I hope they rely on US investors (Score:1)
Buying stock at an IPO is different- the company gets most of that money, with a chunk being taken by previous backers and banks. That is investing in the company. Buying existing stocks is buying ownership.
Re:I hope they rely on US investors (Score:1)
Technically true, but you're discounting corrolary benefits. There are a number of reasons why a company will want to keep its stock doing well, e.g., the prospect of another round of financing.
Pink Sheet (Score:3, Interesting)
What this all means (Score:3, Informative)
Re:What this all means (Score:1)
The question I thought of when reading your post was: how easy is it to trade on a foreign market? Aside from things like time zones and language barriers, is this difficult to do?
Re:What this all means (Score:1, Interesting)
If I wish to buy shares on (for example) a US stock exchange, on the other hand, I need to settle the transaction in US dollars, likely drawn upon a US bank. Yes, I can buy a US dollar cheque in Austr
Re:What this all means (Score:2)
Re:What this all means (Score:2)
Ticker Symbol is "V" (Score:2)
And the last month in trading is just slightly down, despite a recent drop.
Sierra (Score:1)