Infogrames purchase of Atari completed

Posted Oct 11th 2008 3:00PM by John Callaham
Filed under: Biz

It's finally official. After first announcing their intentions earlier this year Infogrames has now completed the purchase of the remaining stocks of US based game publisher Atari. The deal, which cost $11 million, now makes Atari a full subsidiary of the France-based Infogrames.

Atari's executive team including their President and CEO Jim Wilson, will remain with Infogrames and continue to grow the US operation. Just before the merger was completed Atari posted their first profitable quarter in nearly three years but it remains to be seen whether the new setup will solve their previous financial problems on a permanent basis.

Tags: atari, infogrames

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