A Split, Not The End
According to a new report from the L.A. Times, Atari's American division has filed for bankruptcy in order to split off from its debt-wracked French parent company. The L.A. Times contends that Atari's American operation will aim to repurpose as a new company focusing on (you guessed it) digital and mobile platforms, escaping the disastrous share prices and financial millstone of Atari S.A.
The love we bore Atari has been waning throughout this generation, with the once-great company reduced to dredging up old IP in the most shameless ways imaginable. We hope that this move will result in a much leaner and more dynamic company.