Infogrames Fully Absorbs Atari
Infogrames, which bought up a majority share of Atari some time ago and has been rehabbing the struggling US publisher ever since, has decided to take the plunge and merge completely with Atari.
Not an equal merger, of course, but nevertheless total: Infogrames has announced its intentions to buy up the outstanding shares of Atari stock for about $11 million (at $1.68 per share, which is on par with Atari's current stock price), hoping that full ownership will play an important step to healing, strengthening, and of course expanding the company's US presence.
Getting Atari back in the black will help Europe-based Infogrames leverage a solid base on US shores with one of the longest-established brand names in the New World.
tiny dancer
Posted to Hot Stuff, Miscellany on 1 May 2008
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