Atari sells Humongous to Infogrames for $10.3 mln

Iria · Aug 26, 2005, 04:25 PM

NEW YORK (Reuters) - Video game publisher Atari Inc. said on Friday it signed a deal to sell its Humongous Entertainment studio business for $10.3 million to Atari's controlling parent, France's Infogrames Entertainment.

The deal between Atari, the publisher of "Driv3r" and "Dragon Ball Z," and Infogrames came about one month after the resignation of Atari board member Thomas Mitchell, who left amid concerns that the two publicly traded companies were too closely tied.

Infogrames owns about 52 percent of Atari, and Bruno Bonnell serves as chief executive and chairman of both companies.
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Read More / Source: Reuters

Aug 26, 2005, 04:25 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 74	Atari sells Humongous to Infogrames for $10.3 mln NEW YORK (Reuters) - Video game publisher Atari Inc. said on Friday it signed a deal to sell its Humongous Entertainment studio business for $10.3 million to Atari's controlling parent, France's Infogrames Entertainment. The deal between Atari, the publisher of "Driv3r" and "Dragon Ball Z," and Infogrames came about one month after the resignation of Atari board member Thomas Mitchell, who left amid concerns that the two publicly traded companies were too closely tied. Infogrames owns about 52 percent of Atari, and Bruno Bonnell serves as chief executive and chairman of both companies. ___________ Read More / Source: Reuters