Electronic Arts will be delisted from the NASDAQ-100 when the list's re-ranking goes live on Dec. 24, pushing the publisher off the index of the 100 largest non-financial companies.
EA joins Netflix, Blackberry production company RIM and Green Mountain Coffee Roasters in the group of companies dropped from the list. Activision remains on the NASDAQ-100 as the only video game publisher.
"Our objective re-ranking process ensures the NASDAQ-100 remains a relevant investable index that is the underlying benchmark for about 7,100 products in 22 countries with a notional value of about $1 trillion," said NASDAQ executive cice president John L. Jacobs in a statement on its official website regarding the re-ranking.
EA shares dropped 40 percent in June earlier this year. The company also came under fire from Wall Street for the "failure" of BioWare's massively multiplayer online title Star Wars: The Old Republic. As of this morning the stock is sitting around $15.30.
In late August the New York Post reported that EA was "quietly exploring" a company sale after stocks fell to around $13.
When asked about the delisting, a representative for EA declined comment.
A NASDAQ representative told Polygon that they do not provide specific rationale for a company's removal from the NASDAQ-100 index, and that all re-rankings are subject to the organization's guidelines.
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