Gear Industry News

Atari files bankruptcy, all assets for sale


Kind of feels like the end of an era, doesn’t it? Atari, the oldest recognizable name in games, has filed for Chapter 11 bankruptcy today. Everything is on sale, including the rights to Pong, Asteroids, Missile Command, Test Drive, and Tempest.  This filing is due to Atari trying to break away from parent company Atari S.A., due to concerns of debt.

What’s unknown is what Atari will do should they break even and sell off their assets. What would the company have left to do? How would they survive in the current state of the industry? Hopefully, everything breaks even for Atari, and no layoffs are needed. The last thing we need is another publisher/developer laying most everyone off and slowly going out of business.

via Polygon

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