Atari approved for bankruptcy financing, should continue to operate
I don’t know much about the technical talk going on here, but from what I understand Atari has secured “debtor-in-possession” financing, which will allow it to continue operating through its recently filed bankruptcy. The total amount they obtained was $5 million, with stipulations of the funds being that they would be under advisement by a firm who would help them decide how and where to sell their assets.
Well… I guess we’ll see how long it takes before someone else takes over the Atari name and tries to revive it!
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