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Atari US Files For Bankruptcy

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Atari US has filed for bankruptcy and will look to sell all its assets in the next four months in an effort to disconnect itself from its parent company, the France-based Atari SA. Atari was founded in 1972 and blazed a trail in arcade and video games. The assets they are looking to sell are classic franchises like Pong, Centipede, Missile Command and Asteroids. The Atari logo of the company itself is also said to be for sale. So that makes one wonder what will be left after such a fire sale. One thing that will never be lost is the countless memories by many that were entertained by the Atari console from the mid-1970s through the 1980s as it brought arcade games into the home. I know, I was one of the many entertained by Atari as a youngster and I thank Atari for the memories. Source: Bloomberg.

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Frank Gruber is the founder, CEO and Executive Editor of Tech Cocktail. He is an entrepreneur and new media journalist focused on sharing his tech product expertise and analysis on emerging technologies. Previously he built products for millions of users while at AOL and Tribune Company. He is a startup advisor and investor. He is the author of the book, Startup Mixology, Tech Cocktail’s Guide to Building, Growing, and Celebrating Startup Success. Find Frank Gruber online and follow him on Twitter at @FrankGruber.

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