Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 06 December 2013 07:51

Atari gets approval for bankruptcy plan

Written by David Stellmack

Will pay creditors back over next 3 years

Atari has received approval for the bankruptcy plan that it submitted to a US Bankruptcy Judge. The plan has agreements with creditors to pay them back over the next three years. The agreement that Atari was able to reach with its creditors will see some paid back in full while others will only get a partial amount of what the claim to be owed.

Originally Atari was looking to sell of its catalog as well as its IP to pay off debts. The thing is that only 15 bids were received and Atari refused all of them. Atari did sell off several titles and some IP, but the majority of the money that it needs to raise is going to have to come from the firm generating new revenue and it will be interesting to see how that pans out for the company going forward.

blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments