Atari U.S. files for bankruptcy
The U.S. operations of pioneering game maker Atari has filed for bankruptcy protection with the intention of separating from its unprofitable French parent company.
They hope to grow into a modest business focused on digital and mobile platforms, according to The L.A. Times.
“The Chapter 11 process constitutes the most strategic option for Atari’s U.S. operations, as they look to preserve their inherent value and unlock revenue potential unrealized while under the control of Atari SA (ATA),” the company said in a statement today. “During this period, the company expects to conduct its normal business operations.”
Atari, founded in 1972, helped launch the modern video game industry iconic games such as Asteroids, Pong, and Centipede.