Legacy Videogame Company Atari Cleared to Exit Bankruptcy
Atari Inc., the company that helped give birth to the modern-day videogame industry with the introduction of now-classic games such as Asteroids and Pong, received court approval of its plan to exit bankruptcy under the control of its French parent Atari S.A.
Judge James Peck of the U.S. Bankruptcy Court in Manhattan thanked the parties Thursday for their efficient handling of what he called “a difficult case” — the bankruptcy-exit strategy Atari proposed received unanimous support from its creditors — and stated simply, “so the plan is confirmed.”
