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Atari Files for Bankruptcy

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The long-troubled U.S. arm of Pong, Breakout and Asteroids creator Atari has filed a petition for bankruptcy.

Reported by the L.A. Times, Atari Inc. and three affiliates filed petitions for Chapter 11 reorganization in New York’s U.S. Bankruptcy Court late on Sunday. The move is an attempt to break free from its French parent Atari S.A. and refocus the company to make digital and mobile titles, according to an anonymous “knowledgeable” source.

Via www.gamespot.com

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