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Infogrames Acquires Atari For 11 Million >
2008/05/01 12:52:21: Posted by DM
It is official now despite all the speculation. Infogrames has officially acquired Atari for $11 million USD. In addition, Infrogrames revealed that they offered to acquire SCi, and were rejected, and that they are now going to lend Atari (now an Infogrames subsidiary) 20 million to fund the company from now until the merger closes.

"Bringing Atari US and Infogrames businesses together will enable us to create a simplified global structure for our business as we seek to re-build a well-managed, cohesive and financially disciplined company," said Infogrames CEO David Gardner in a statement.

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