By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Gaming Discussion - Infogrames offers to buy Atari Inc.

xdangerx on 06 March 2008

                                                                               

Atari Inc. has announced that it received a letter from Infogrames Entertainment S.A., the company's majority shareholder, expressing its intent to acquire the remaining outstanding stock of the company.

 

Infogrames' offer, which is non-binding, amounts to USD 1.68 per share for the Atari Inc. stock it does not own.

 

Atari Inc. said that a special committee of the company's board of directors intends to undertake, together with its advisors, a thorough evaluation of the proposal.

 

There is no assurance that any transaction will occur or to the terms of any transaction.

Link: http://www.gamesindustry.biz/content_page.php?aid=33881



Discuss

Around the Network
Tavin on 06 March 2008

is this the first step given by Phil Harrison on his new job ??



-- Live only for tomorrow, and you will have a lot of empty yesterdays today--

 Tavin:  "Old school megaman is THE BEST megaman"      courtesy of fkusumot :)

My mind has changed. My strength has not.    Kamahl, Fist of Krosa

 

NYANKS on 06 March 2008

No Atari must be free!!!! lol j/k. I wish Atari and Sega could muster a comeback, it would be fun times. Sega in particular.



Kasz216 on 06 March 2008

Hah That'd be quite the quick cash in for Phil wouldn't it?



totalwar23 on 06 March 2008
xdangerx said:

Atari Inc. has announced that it received a letter from Infogrames Entertainment S.A., the company's majority shareholder, expressing its intent to acquire the remaining outstanding stock of the company.

 

Infogrames' offer, which is non-binding, amounts to USD 1.68 per share for the Atari Inc. stock it does not own.

 

Atari Inc. said that a special committee of the company's board of directors intends to undertake, together with its advisors, a thorough evaluation of the proposal.

 

There is no assurance that any transaction will occur or to the terms of any transaction.

Link: http://www.gamesindustry.biz/content_page.php?aid=33881


 lol

oh, that just highlights the sadness of Atari. 



Around the Network
dabaus513 on 06 March 2008

sony to buy info games next? I would hope not.



 

 

 

damkira on 06 March 2008

Is Atari really worth anything anymore? I mean, they rarely put out games at all and it isn't as if most gamers today even remember their consoles.



Gamerace on 06 March 2008
damkira said:
Is Atari really worth anything anymore? I mean, they rarely put out games at all and it isn't as if most gamers today even remember their consoles.

 Atari as a software company is worth little.  But Atari as a brand is still valuable.  Phil wants to target the mass market and as far as the 'ignorant' masses are concerned, Atari is still one of the best known brands.

I expect Godzilla & DBZ games will become a thing of the past for Atari.  Expect Phil to take it in an entirely different direction.