Atari to file for Bankruptcy - [Up: Something done with shares, got some money again!]

[Eudemon]

:lol: the license does hold quite a bit of value I imagine, I mean think how many people are excited about the prospect of the "spiritual successor to Test Drive Unlimited" from Ivory Tower | Studio de Jeux vidéo that's rumoured to be in development.

[Eudemon]

Not seen this posted but does this sound good to you?

 

Former Atari CEO bids to save his old gaming company from bankruptcy - Computerworld

[Guest MrLolololXD]

Hopefully he'll point the company back in the right direction, but it's gonna take a lot to earn back the trust and respect of gamers after their previous few years...

[Eudemon]

Gotta say though 7.5million shares for 400EUR is quite a bargain.

[Ryzza5]

Are there any left over for that price? I could own 26% of the company :p

[Eudemon]

Doing my near-monthly search for all things Atari I came across this from FT.com. I'm no smart penguin but the last little piece certainly made my ears perk up, anyone smarter than a bowl of soup may be able to translate what it means for us of lesser negative intelligence. :D

 

Does it basically mean that the TDU franchise is seen as one of the more important assets of the company?

 

FT.com prefers you not to copy/cut their text so please don't do so. Thanks!

 

Source: Atari CEO expects brand appeal to drive auction price - FT.com

 

EDIT: Looks like they are going to auction in Mid-May also.

 

Ouch! "In France, Atari SA has now 4 employees and Eden Games, 19 employees" - taken from their Feb 5th Press Release. :lol: Note the title of it in the url. So now Atari SA only has those 4 employees I guess?

[Eudemon]

An update on the situation.

 

ATARI : UPDATE ON CURRENT SITUATION | 4-Traders

[Ryzza5]

They can't even go bankrupt quickly. :rolleyes:

[Eudemon]

Keep an eye on Google News or other sites for news about Atari in the next month as it looks like it's May they're expecting to be finished with this.

 

Google

 

LATEST

Law360, New York (April 25, 2013, 7:46 PM ET) -- The U.S. Trustee's Office objected Thursday to bankrupt video game pioneer Atari Inc.'s plan to pay bonuses to three executives and six other employees, arguing the terms aren't sufficiently spelled out in the public record and expressing concern that the payouts are really intended as retention deals.

Source: US Trustee Takes Issue With Bankrupt Ataris Exec Bonuses - Law360

[Eudemon]

BIG NEWS!!

 

Bidding on a pool that includes the Atari brand itself is set to start at $15 million, according to court papers. The minimum bid for the company's "RollerCoaster Tycoon" franchise is $3.5 million, while prospective purchasers must offer at least $1.5 million for Atari's "Test Drive" franchise.

 

Atari Aims to Sell Game Assets in July - WSJ.com

[iNotACactus]

:yay:

 

The best part is, the TDU series is almost guaranteed to improve since it's nearly impossible to be worse than Atari! :D

[Ryzza5]

TDU is where it's at - TD is old school and I'm happy for it to stay in the past rather than suffer the same fate (reputation-wise) as NFS

[Camel]

:yay:

 

The best part is, the TDU series is almost guaranteed to improve since it's nearly impossible to be worse than Atari! :D

 

*cough* EA *cough* Activision *cough*

 

I seem to have developed a cough. :hmmm:

[ScoobSTi]

Please don't jinx it! :(

[iNotACactus]

Even EA and/or Activision could at least make a halfway decent game out of it, compared to Atari. It'd just have ridiculous restrictions and DLC, is all.

[Destroyer-GT]

What about Ubisoft? They could use a good racing franchise, right?

[Ryzza5]

Even EA and/or Activision could at least make a halfway decent game out of it

 

That has to be worth a 2 month ban, surely

[Andriy242]

I think the whole community hear should all go out and buy lottery tickets. And use the winnings to purchase Atari. Win Win.

[Eudemon]

I think the whole community hear should all go out and buy lottery tickets. And use the winnings to purchase Atari. Win Win.

Haha nice.

[khevolution]

*searches pockets* i have £2.20 and some weird lint thing....its a start

[iNotACactus]

I'll buy the weird lint thing for this weird dirt thing.

[Regso]

Atari sold the rights for Test Drive.

 

I recently found out that Atari is selling some of there assets, which includes the Test Drive series, it's going for 1.5 million.

 

Maybe some company will pick it up and we'll get a TDU3 :D

 

(I would post the link to the article, but it won't let me because I don't have enough posts)

[Ozzmcom]

lets raise some money here we could buy the whole thing!

I have 5 quid guys, I'll leave the rest to you

[Eudemon]

They haven't sold it yet, they have put a minimum value on the Intellectual Property (IP) 'TEST DRIVE' which is as you say $1.5m. What's confusing about this is that investment that was made of $5m that was taken on the security of 'TEST DRIVE Unlimited' (TDU). Does this mean only TDU is what they have secured against, TDU/TDU2 as it stands now or did they buy it to now sell it?

 

These things confuse me.

 

Also the Atari twitter was hacked but they have since got it back so maybe you guys might wish to ask some questions of them? :)

[Ryzza5]

lets raise some money here we could buy the whole thing!

I have 5 quid guys, I'll leave the rest to you

 

Ask MrLolololXD ;)