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| English: An Atari 2600 four-switch "wood veneer" version, dating from 1980-1982. Shown with standard joystick. (Photo credit: Wikipedia) |
The U.S. business of Atari have filed for bankruptcy protection.The manufacturer of the groundbreaking video game Pong seeks from its loss-making French parent company separate Atari SA.
Atari, Inc., together with Atari Interactive Inc., Humongous Inc. and California U.S. Holdings Inc. plan to secure independent financing for developing digital and mobile games.
Atari said in December it was looking to raise money and was talking to investors.
In a statement, the company ", use this step, the US-based Atari operations of the structural financial burden of its French parent holding company, Atari SA disconnect".
Atari SA, formerly Infogrames SA has been known to struggle financially for years.
The U.S. business of Atari have shifted their business processes in the retail games digital games in recent times and have become a growth engine for Atari SA.
"The chapter 11 proceedings, the most strategic option for Atari U.S. operations as to preserve their intrinsic worth and to unlock unrealized profit potential, while under the control of Atari SA look," the statement said.
Atari Pong was an arcade game with kick-starting the multi-billion-pound video games industry to help but more recent titles include "Centipede," "Missile Command" and Rollercoaster Tycoon 'credited.
Atari, Inc., together with Atari Interactive Inc., Humongous Inc. and California U.S. Holdings Inc. plan to secure independent financing for developing digital and mobile games.
Atari said in December it was looking to raise money and was talking to investors.
In a statement, the company ", use this step, the US-based Atari operations of the structural financial burden of its French parent holding company, Atari SA disconnect".
Atari SA, formerly Infogrames SA has been known to struggle financially for years.
The U.S. business of Atari have shifted their business processes in the retail games digital games in recent times and have become a growth engine for Atari SA.
"The chapter 11 proceedings, the most strategic option for Atari U.S. operations as to preserve their intrinsic worth and to unlock unrealized profit potential, while under the control of Atari SA look," the statement said.
Atari Pong was an arcade game with kick-starting the multi-billion-pound video games industry to help but more recent titles include "Centipede," "Missile Command" and Rollercoaster Tycoon 'credited.
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