Thursday, May 1

Infogrames-Atari Merger Comes To A Conclusion

Infogrames has finally acquired all of Atari's remaining shares in a trade of eleven million dollars today. Infogrames had previously owned the majority of the Atari company, 51.4% in fact.

The first act of business from Infogrames was to lend Atari $20 million to help out with Atari's month-after-month loss record.

"Bringing Atari US and Infogrames businesses together will enable us to create a simplified global structure for our business as we seek to re-build a well-managed, cohesive and financially disciplined company," said Infogrames CEO David Gardner.

It's going to be interesting to see what Phil Harrison can do for Infogrames and Atari now.


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