Infogrames Makes Offer to Acquire Rest of Atari

Authored by Mark Hefflinger on March 7, 2008 - 9:46am.

New York - Struggling video game publisher Atari (NASD: ATAR) announced on Friday that it has received an offer from France-based majority shareholder Infogrames, to acquire Atari outright for $1.68 a share, representing a 1% premium over the company's closing share price on Thursday.

Infogrames, which already owns about 52% of Atari, this week appointed former Sony Computer Entertainment head of Worldwide Studios Phil Harrison as its new president.

The company said that Harrison will be responsible for overseeing the Atari brand in the U.S. and abroad.

Atari said a special committee of its board of directors will undertake a "thorough evaluation" of Infogrames' proposal.

 

Related Links:
http://snipurl.com/2189z

http://www.infogrames.com

http://www.atari.com



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