karl
January 23rd, 2013, 06:03 AM
The oldest brand in video gaming is to sell off its distinctive logo and the rights to classic games such as Pong, Asteroids and Centipede.
Atari Inc and three of its affiliates want to break free from Atari SA and find a buyer to take the company private.
Together with Atari Interactive Inc, Humongous Inc and California US Holdings Inc, Atari Inc wants to secure independent funding to continue producing games for the mobile and tablet market.
Atari SA, formerly known as Infogrames SA has been struggling financially for years.
The US operations of Atari have shifted their business from retail games to digital games in recent times and have helped prop up Atari SA, which has seen shares drop in value from more than 11 euros in 2008 to less than 1 euro recently.
Full story here: http://www.telegraph.co.uk/technology/video-games/video-game-news/9816068/Atari-files-for-bankruptcy-in-the-US.html
Atari Inc and three of its affiliates want to break free from Atari SA and find a buyer to take the company private.
Together with Atari Interactive Inc, Humongous Inc and California US Holdings Inc, Atari Inc wants to secure independent funding to continue producing games for the mobile and tablet market.
Atari SA, formerly known as Infogrames SA has been struggling financially for years.
The US operations of Atari have shifted their business from retail games to digital games in recent times and have helped prop up Atari SA, which has seen shares drop in value from more than 11 euros in 2008 to less than 1 euro recently.
Full story here: http://www.telegraph.co.uk/technology/video-games/video-game-news/9816068/Atari-files-for-bankruptcy-in-the-US.html