VIDEOGAME maker Atari, which delighted a generation with vintage masterpieces such as Pong, Centipede and Lunar Lander, is immersed in its own life and death struggle.
With arcade games predating the birth of many current generation PlayStation, Xbox and Nintendo Wii players, the US subsidiary and French parent of the modern Atari are finding it hard to secure investments needed to enjoy a profitable presence in the modern landscape of mobile and downloadable video games.
The result is a delicate financial manoeuvre by both sections of the business in the US and France involving separate bankruptcy proceedings designed to help refinance rather than end their businesses.
Atari, which turned 40 last year, in the US has filed for Chapter 11 bankruptcy protection to effect this while the French parent company has filed a similar motion separately in France.
http://www.theaustralian.com.au/austral ... 6559597759