Atari Files For Chapter 11 Bankruptcy, Hopes To Break Away From Former Infogrames Team - Prima Games

Atari Files For Chapter 11 Bankruptcy, Hopes To Break Away From Former Infogrames Team

by Prima Games Staff

Not every company is thriving in the video game industry these days.  THQ has seen its fair share of trouble, and Majesco isn’t exactly faring that well either.  But now Atari, a company familiar with seeing its fair share of turbulence over the years (1983 video game crash, anyone?), has made a startling move.

The company’s U.S. division has recently filed for chapter 11 restructuring bankruptcy this morning, looking to remove itself from its partner at Atari SA, formerly known as Infogrames, who acquired them back in 2008.  The company is looking to sell all its assets in a move of independence, with everything from its logo to its game franchises, including Tempest, Test Drive and Centipede, up for grabs.

It’s already acquired a $5.25 million debtor-in-possession investment from funds managed by investment advisory Tenor Capital Management, so it may not fold up completely.

We’re not entirely sure what the future holds for the team over at Atari, but here’s hoping that they land safely.  We certainly wouldn’t mind seeing another take on Tempest…

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