Bloomberg: Atari Files Turnaround Plan to Exit Bankruptcy
Bloomberg reported that bankrupt video game manufacturer Atari filed a plan of reorganization to give unsecured creditors as much as 25% of recovery and exit court protection as a going concern.
The article noted that the company, which filed for bankruptcy in January to break away from its French parent, now plans to reorganize with the parent company’s support and continue operating with the brands Atari has left.
To read the entire Bloomberg story, click here.
Previously on abfjournal: Atari U.S. Operations File for Chapter 11, January 21, 2013