The filing will help free the company from French parent Atari SA, formerly Infogrames. Currently, Atari owes a huge chunk of cash to a company called BlueBay Asset Management; bankruptcy protection could see the brand live on, at least for a while. If it can manage that, things could turn up: the newspaper cites a “knowledgeable person”, who claims that those involved hope to develop Atari into a “modest” business based on “digital and mobile platforms”. More Atari iPhone games! [LA Times via Polygon via The Verge]
Picture: Mark Ramsay
Republished from Gizmodo.