Bloomberg reported Atari, the bankrupt video game maker, won court approval to seek creditors’ votes on its plan to exit bankruptcy protection as a going concern.
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.
Bloomberg reported that New York-based Atari, a video game manufacturer, filed for bankruptcy protection. The article cited a statement that Atari and its U.S. affiliate companies are seeking approval of $5.25 million DIP financing from Tenor Capital Management.