Velti delisting fron Nasdaq, shares halted

|By:, SA News Editor

With the company in the midst of bankruptcy/sale proceedings for various business units, Velti (VELT) is voluntarily delisting from the Nasdaq. The company expects its delisting to become effective on Dec. 16. (PR)

Dec. 16 is also the deadline for bids to be made for Velti's U.S., U.K., and Indian mobile marketing businesses, which are currently set to be sold to Blackstone's credit arm.