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Atari seeks extension of Infogrames offer

Atari Inc. has informed parent company Infogrames that it will not be in a position to respond to the buyout offer by the original March 11 deadline

News by Mark Androvich Contributor
Published on

Atari Inc has informed parent company Infogrames that it will not be in a position to respond to the buyout offer by the original deadline.

The company announced the hiring of a financial advisor, Duff & Phelps LLC, to help it evaluate the offer and is seeking an extension.

Last week, Infogrames offered to buy all outstanding shares of Atari stock for USD 1.68 per share.

Infogrames recently appointed former EA exec EA David Gardner as CEO and also hired Sony worldwide studios boss Phil Harrison as its new president.