Los Angeles Business Journal

Atari Files for Chapter 11

Monday, January 21, 2013

The U.S. arm of iconic video game maker Atari has filed for Chapter 11 bankruptcy protection, planning to separate from its unprofitable French parent company, the Hollywood Reporter and SkyNews report Monday. Observers expect the developer of classic early video games such as Pong and Asteroids to look for a potential buyer and focus on growth opportunities on digital platforms.