Atari as filed for bankruptcy protection in the US, and the filing may help the company split from its French parent company Atari SA, which was formerly Infogames, and the Bankruptcy protection could see the Atari brand live on.
Today Atari Inc., Atari Interactive Inc., Humongous, Inc. and California US Holdings, Inc. (collectively, the “Companies”) filed petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. With this move, the U.S.-based Atari operations seek to separate from the structural financial encumbrances of their French parent holding company, Atari S.A. (formerly Infogrames S.A.) and secure independent capital for future growth, primarily in the areas of digital and mobile games.
PR Newswire (http://s.tt/1yIVK)
Atari will be concentrating their efforts on digital and mobile platforms, as well as licensing, and Atari are looking to receive around $5.25 million in financing from Tenor Capital Management.
Source GizmodoFiled Under: Gaming News, Technology News, Top News