02/02/2013
Atari said tonight it has filed for bankruptcy protection as part of a move to separate from its French parent company.
The filing suggests that even the most venerated brands aren’t guaranteed to live forever. Atari’s name stretches back to the dawn of the video game industry with Pong. We’ve heard that Atari has been shopping itself to buyers for months.
The move is an attempt to carve out a separate existence for the U.S. company. The filing includes companies operating under the names Atari Inc., Atari Interactive Inc., Humongous, Inc., and California US Holdings, Inc. The papers were filed in U.S. Bankruptcy Court in New York. The company, founded by Nolan Bushnell in 1972, expects to continue operations during the bankruptcy proceedings.
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