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First Twinkies, Now Atari

from Forbes

Atari US Files for Bankruptcy, Sells Assets, Logo

In an effort to untangle itself from its parent company, the France-based Atari SA, Atari US has filed for bankruptcy and will sell all its assets in the next three to four months. They have already locked down a  debtor-in-possession investment of $5.25M from investment advisory Tenor Capital Management and hope the move will land them some fresh business.

What assets are on the auction block? That would be classic franchises like Pong, Centipede, Missile Command and Asteroids, so Hollywood get out your checkbooks for those film rights. Wait, you’re telling me there’s already an Asteroids movie in development? Of course there is.

[ click to continue reading at Forbes ]

Posted on January 21, 2013 by Editor

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