Atari’s Bankruptcy Plan Leaves Most Lenders Out of Credits

Atari Inc. was a pioneer of videogames before the $70 billion industry left it behind. Now its creditors are set to meet a similar fate.

The creator of arcade classics such as Pong and Asteroids, has filed a bankruptcy plan that will keep French parent Atari SA in control of the company. The plan calls for Atari to pay off its bankruptcy loan and not much else, after it was unable to sell its valuable name and two of its lucrative franchises.

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