News Articles

Monday, January 21, 2013

Atari's US business files for bankruptcy protection in a bid to restructure

The US-based part of video game maker Atari has filed for bankruptcy protection under chapter 11 of the United States Bankruptcy Code. It’s aiming to distance itself from Atari S.A., its parent company in France.

Image

Atari, which launched in 1972, is responsible for a portfolio of more than 200 games and franchises including Asteroids, Missile Command, Pong and Rollercoaster Tycoon. It’s also recently launched new mobile and tablet games for iOS and Android devices.

In a statement, Atari said “The Chapter 11 process constitutes the most strategic option for Atari’s U.S. operations, as they look to preserve their inherent value and unlock revenue potential unrealized while under the control of Atari S.A.  During this period, the company expects to conduct its normal business operations.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Applications, NewsNumber of views: 3099

Tags: usa gaming france atari

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«April 2024»
MonTueWedThuFriSatSun
25262728293031
1234567
891011121314
15161718192021
22232425262728
293012345

Archive

Terms Of Use | Privacy Statement