IT news Article 6 – Atari files for bankruptcy! WHAT IS GOING ON!

Link: http://www.washingtonpost.com/business/technology/atari-files-for-bankruptcy-to-split-from-parent-company/2013/01/22/8b5a39ca-64a5-11e2-9e1b-07db1d2ccd5b_story.html

Atari

 

Summary: Looks like another great gaming company is going to come to an end. Atari has filed for bankruptcy in an attempt to separate its American assets from its French parent company. In a statement on Monday, Jan, 21st , the game-maker said it had filed for Chapter 11 bankruptcy protection in the United States, but will continue operations as normal. The CEO made a statement on the bankruptcy and it’s shareholders,

“[We] have decided to take what we think is the best decision to protect the company and its shareholders,” said CEO Jim Wilson.

The company expects to sell or restructure its assets within the next 90 to 120 days. Hopefully, they’ll make the sales and somewhat do better. In all truth, great gaming companies are going away, they are withering away like dead trees. They will be missed like our favourite children books.

StakeHolder:

Atari: Bad, splitting it’s assests from American and French, this is going downhill for Atari.

Customers: AWFULLY BAD. There will be no more new releases for Sonic or…maybe a Pac-Man sequel? No more funds, no more games.

 

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