Atari US files for Bankruptcy.
Atari hasn't exactly had a great few years, and ever since Infogrames purchased the company back in 2001, it has struggled. Games released by the company recently haven't been all that great, except for a couple, such as the recent Sonic and All stars Racing Transformed.
According to the LA Times, Atari’s revenue in 2012 dropped by around 34%, with a 43% drop in the previous year, and profits have been minimal. French parent company, Atari S.A.’s share price is apparently now worth less than a Euro.
The move to file for bankruptcy would let Atari (US) separate itself from the parent company, Atari S.A. and would in turn also free them from Atari S.A.’s debt problems. It is thought that Atari US would then seek a private buyer, allowing them to focus on its own projects, such as games for mobile platforms.
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PlusnetPosted:
Moan I think I feel bad, I remember Atari from when I was little.
So do I. My favorite system.
OasisPosted:
Surely they deserve some sort of government bailout. While the banks spend out money Atari go kaput!? A very dark day in gaming. I hope people understand the severity of this, I doubt it though.
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