Atari US secures $2 million in financing, prepares to sell assets
After declaring bankruptcy last month, the US branch of Atari has closed $2 million in debtor-in-possession financing. Another $3 million is expected once the credit documents are filed and subsequently approved by the court. The company will use the funds to finance its current operations while “evaluating its strategic options” for restructuring.
Pending court approval, Atari has also hired Perella Weinberg Partners, an independent advisory and asset management firm, to help evaluate said options. Part of that responsibility will be to aid in the sale of Atari’s assets, which include everything from Pong to the company’s logo. Anyone want to go halfsies on Combat?Continue reading Atari US secures $2 million in financing, prepares to sell assetsAtari US secures $2 million in financing, prepares to sell assets originally appeared on Joystiq on Tue, 05 Feb 2013 21:30:00 EST. Please see our terms for use of feeds.
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