Atari US Operations Files for Bankruptcy Protection

atariIts been a bad couple of years for the gaming industry with several gaming studio and publishers going into administration and in many cases closing down. We another name has started this process and its an industry legend. The US business of Atari have filed for bankruptcy protection.

Atari who started life over 30 years ago in 1972 made some of the first ever gaming consoles including the Atari 2600 as well as classic games such as Space Invaders, Pong, Asteroids and Centipede. The move into bankruptcy protection has been designed to help save the US business by allowing it to separate from its loss making and financially insecure French parent Atari SA (formerly known as Infogrames SA). By securing a separation, Atari Inc, together with Atari Interactive Inc, Humongous Inc. and California US Holdings Inc. want to secure independent funding to develop digital and mobile games an area Atari has been focussing on in recent years.

No further updates have been given but with a well known brand in the gaming world, and a huge back catalogue of famous games ideally suited for mobile and digital gaming, Atari seems a good buy for any prospective investor.

 

Source: BBC

Reporter: Soulfinger

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