Atari prepping to exit Chapter 11 bankruptcy
Posted on December 6, 2013 by Austin(@NE_Austin) in General Gaming, News
After approval by the U.S. Bankruptcy Court this past Thursday, Atari is preparing to enter the world of business again after filing for Chapter 11 bankruptcy back in January of 2013. The company (Atari Inc.) will get $3.4 million from its parent company (Atari S.A.) to get it out of bankruptcy, and then another $1.75 million to restart operations and try to turn a profit. No specific plans have been revealed for what they might do differently this time around, but we’ll likely hear news soon enough.