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> Infogrames, Atari Merge in 11M USD Deal
Xbox-Scene
post May 1 2008, 05:07 AM
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Infogrames, Atari Merge in 11M USD Deal
Posted by XanTium | May 1 00:07 EST | News Category: GamingGeneral
 
From next-gen.biz:
[QUOTE]
Infogrames said Wednesday it would acquire the remaining outstanding equity interests of Atari for $1.68 per share, or $11 million. The merger will make Atari a wholly-owned subsidiary of Infogrames.

Currently, Infogrames is the majority shareholder in Atari, with a 51.4 percent stake in the company.

"This agreement is an essential and positive development for Infogrames and its shareholders. It brings Atari fully under the control of Infogrames, delivering a platform for future growth in the US," read a statement from the companies.
[/QUOTE]

Full Story: next-gen.biz

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Exobex
post May 1 2008, 10:44 AM
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Wow, I'd have thought it would've been the other way round, with the (once) mighty Atari gobbling up Infogrames.
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djtonic
post May 1 2008, 03:00 PM
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QUOTE(Exobex @ May 1 2008, 11:20 AM) *

Wow, I'd have thought it would've been the other way round, with the (once) mighty Atari gobbling up Infogrames.

Really? What properties does Atari have that are really worth keeping or buying? If I were the remaining shareholders in Atari I would be more than happy to dump my stock! Now infogrames is as shitty as ever...things remain the same because they were publishing all those crappy Atari IPs anyway.

This merger couldnt be less important...hence the 11mil price tag, seems pretty cheap to me.

~Dj~
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rooter75
post May 1 2008, 08:36 PM
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isn't Alone in the Dark by Atari? That looks pretty sweet!
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