Sections

Atari auctioning entire stable of IP in July to curb bankruptcy loss

Thursday, 23rd May 2013 08:59 GMT By Dave Cook

Atari is looking to sell off its IP to bidders separately after it failed to find a sole buyer for its entire catalogue. The troubled company is looking for a minimum of $22.2 million for all franchises combined.

The Wall Street Journal broke the story this morning, confirming that Atari will hold auctions over four days in July, in an attempt to curb its losses.

The decision comes despite Atari convening with some 180 potential buyers, only to receive 15 initial offers for its back catalogue. The company found none of the bids to be acceptable, and has now opted to break down the sale by individual IP, as a way of maximising returns on each sale.

IP revealed to be on the block so far include Rollercoaster Tycoon, with a minimum bid of $£3.5 million, Total Annihilation at a minimum bid of $250,000 and Test Drive at a minimum bid of $1.5 million.

We’ll have more updates on the auction and the asking price of other Atari IP as it happens.

Thanks GI.biz.

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6 Comments

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  1. The_Red

    Blood!
    Please some one get Blood and give it to Monolith to make Blood 3.

    #1 1 year ago
  2. Dave Cook

    @1 +1

    #2 1 year ago
  3. KrazyKraut

    @1 +2
    oh yes. But this time with 200% more pitchforks please.

    #3 1 year ago
  4. GwynbleiddiuM

    As far as wikipedia knows Atari doesn’t hold the rights to Blood IP, in fact it says in 1997 Monolith bought the rights to the franchise.

    #4 1 year ago
  5. redwood

    another one bites the dust.. bad news :(

    #5 1 year ago
  6. NightCrawler1970

    i Thought that Atari focusing on Cell-phone games, there are always folks that wanna play retro-games pac-man or Asteroid on there smart-phone!!!!

    #6 1 year ago