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As expected, Infogrames has bought Atari in a transaction costing $11 million.
Atari is now a wholly-owned subsidiary of Infogrames. The deal is expected to close out in the third quarter.
“Bringing Atari US and Infogrames businesses together will enable us to create a simplified global structure for our business as we seek to re-build a well-managed, cohesive and financially disciplined company,” said CEO David Gardner.
“This is a key strategic event for Infogrames that will benefit all of our shareholders. I believe that this transaction will generate significant benefits for the Group.”
Viewing 2 responses
Blerk said:
They woz robbed.
G1GAHURTZ said:
Seems a bit silly that Infogrames bought the Atari name, then re-branded itself in the US, then made itself a seperate company when “Atari” started losing money, then bought itself back again.
What a circus!