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Atari Strikes Bond Agreement - 30.3.06

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Atari
Atari’s parent company, Infogrames, is continuing its bailout effort of the beleaguered gaming powerhouse. A deal was announced recently that involves a three-month delay in payment of a little more than 13 million Euros to bond holders.

This figure, according to TVG, is on top of the 23 million Euros it already owes in June and a bit more as well.

Atari’s woes have made headlines in recent months as the company scrambles to shore up its financial status. It is in the process of trying to sell off some of its studios and is in jeopardy of losing its position on America’s NASDAQ stock exchange.

Even with all the troubles, Atari has been behind some major releases as of late, including Driver: Parallel Lines, D&D Online and more are expected, including Neverwinter Nights 2.

Here’s hoping Atari is successful in its efforts. It’s hard to imagine a gaming world without it.

Source: TVG

Related:
Atari In More Trouble
Atari's Uncertain Future
Atari On Shaky Ground

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By Sherri (Email: Sherri at igniq dot com) 



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