blasteroids.com
Search Search User User name Password  
     
All Platforms PC PS2 PS3 Xbox Xbox 360 Wii
 Home  News  Games  Downloads  Forums  Feedback 
 

News

You are here: blasteroids.com / news / division of atari files for bankruptcy /
Latest news

Division of Atari files for bankruptcy

DVDBack23 @ Jan 21, 2013 16:35 | 1 comment

The U.S. operations division of video game pioneer Atari has filed for bankruptcy in an effort to break away from their French parent company Atari S.A.

Chapter 11 reorganization will allow the company to reemerge eventually, most likely as a private company with a new buyer.

From there, the company will grow again as a business focused on digital and mobile, say sources.

Atari pioneered gaming with hits like "Pong" and "Asteroids" but has had little success in two decades. Atari S.A. (formerly Infogrames) aquired all of its assets in 2008. Profits have been small for the U.S. operations, which brings most of the company's revenue. 2012 profits were $4 million with revenue falling 34 percent year-over-year.

The company has had a revolving credit line with BlueBay Asset Management which just lapsed, leaving the company without the proper assets to release in-development games.

Previous Next

Comments

Comment by: 3rdgen (Jan 25, 2013 20:43)

I never want to see anyone fail. I hope they could keep the name alive and break back out into the mainstream. Its like a person died. Sad.


Hey take it easy

   

Digital video: AfterDawn.com | AfterDawn Forums
Music: MP3Lizard.com
Gaming: Blasteroids.com | Blasteroids Forums
Software: Software downloads
Blogs: User profile pages
RSS feeds: Digital Technology News | Latest Software Updates International: fin.AfterDawn.com | Download.fi | fin.MP3Lizard.com
Navigate: Search
About us: About AfterDawn Ltd | Advertise on our sites | Rules, Restrictions, Legal disclaimer & Privacy policy
Contact us: Send feedback | Contact our media sales team
 
  © 2025 by AfterDawn Ltd.