Atari US files for bankruptcy to escape its French captors
Believe it or not, the Atari brand that American’s have known for the last 31 years has been profitable. Their parent company, Atari S.A. (formerly known as Infogrames before it purchased Atari), is a debt-laden French company that has not been as lucky on the balance sheet. As a result, Atari US has filed for bankruptcy in the hopes of breaking away and building their own future as a privately held independent company. According to the LA Times: There is evidence that the U.S. operation, which after the sale of other assets now makes up the bulk of Atari S.A.’s business, has been improving. The corporate…