Video technology company KIT Digital is relocating its HQ to New York. It added that it will de-list its shares from the Prague stock exchange and move to New York, where it would continue to list its stock on the NASDAQ exchange. KIT’s board of directors have approved the plan.
KIT’s technology is used by some major players, not least Google, HP, Disney-ABC, MTV and the BBC.
It announced in June that it was in talks with several parties which have expressed an interest in buying the company.