Game Over: Atari Files for Chapter 11 Bankruptcy
Atari Inc. and three of it affiliates in the U.S. are throwing in the towel. Filing for Chapter 11 reorganization in a New York State bankruptcy court, Atari Inc. aims to disentangle itself from its French parent company Atari S.A. -- originally Infogrames -- in a similar manner to how we scootch a few seats down the table to sit away from a creepy relative at family gatherings. If the American company successfully dissolves its ties to floundering France-based parent, Atari Inc.'s leaders intend to shift game development and publishing focus on digital and mobile platforms, though there are no specifics right now on what that might look like. Doesn't matter, really, since we all know they'll likely just churn out yet another modern update of Pong or Asteroids.Read on...