Atari Facing $291 Million Debt Claim From... Atari

An anonymous reader writes "Atari declared bankruptcy earlier this year, and part of that process involves selling off its property in order to pay as many entities holding its debt as possible. The latest round includes a $30 million claim from Atari's parent company in France, and a $261 million claim from another subsidiary of that parent company. The $30 million debt is secured (in other words, they get priority on whatever's left in the U.S. Atari's coffers), but the $261 million debt is not, so they'll have to wait in line with everybody else." The article also lists some interesting sell-offs. The old Accolade brand got sold for $50,000, the Battlezone Franchise was sold to Rebellion Interactive for $566,500, and Wargaming World Limited purchased the Total Annihilation and Masters of Orion franchises. Stardock Systems, creators of Sins of a Solar Empire, picked up the rights to the Star Control franchise, which they intend to reboot. (Those who played it will recall that StarCon2 was the Best Game Ever. And it's been remade after the creators released the source code.)

Comments

Re:also none are actually Atari

[MrEricSir]

The companies in this story were renamed "Atari" somewhat recently:

Atari Inc. was formerly GT Interactive
Atari SA and Atari Europe were formerly Infogrames Entertainment

The French company Infogrames purchased GT Interactive and Hasbro Interactive. In the late 90's/early 2000's Hasbro bought the rights to the old Atari games and naming rights, which is what allowed Infogrames to rebrand the main company and their various divisions as "Atari."