Gamernode: News - Infogrames offers bid to acquire rest of Atari

Infogrames offers bid to acquire rest of Atari

It looks like Atari is finally on a path to resurgence, thanks partly in having Phil Harrison from Sony and newly appointed CEO David Gardner jumping on board. Parent company Infogrames clearly noticed the restructuring as well and offered to buy out the rest of Atari's stock to fully acquire the company today.

Owning 51.2% of Atari Inc's stock, Infogrames offered USD 1.68 per share for the rest of the Atari Inc stock it does not currently own. In response, Atari mentioned that a special committee of their board of directors will meet with advisors and discussion the acquisition proposal.

It definitely looks like Infogrames has some new plans for Atari, especially with some high-profiled business figures has now entered the picture. It was only nearly two months ago when Atari re-entered the gaming business following long periods of financial difficulties.

After Harrison was appointed President and Directeur General of Infogrames Entertainment, he said, "This is the perfect time to join Infogrames and help shape the future of Atari - one of the industry's legendary brands. As the game business moves rapidly online I believe we have an outstanding opportunity to create amazing network game and community experiences for players the world over."

[Gamasutra]

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