292w ago - French-based publisher Infogrames today announced that it has formed a definitive pact with Atari to merge. Reached to the tune of $11 million dollars, the agreement gives Infogrames complete control over Atari.
"Bringing Atari US and Infogrames businesses together will enable us to create a simplified global structure for our business as we seek to re-build a well-managed, cohesive and financially disciplined company," said Infogrames CEO David Gardner.
"This is a key strategic event for Infogrames that will benefit all of our shareholders. I believe that this transaction will generate significant benefits for the Group," he added.
As part of the deal, Infogrames has agreed to lend Atart $20 million in funding to cover capital requirements. The publisher expects to close and seal the merger deal in the third quarter of 2008.
Press Release: Infogrames Entertainment S.A. and Atari, Inc. Announce Agreement to Merge
LYON, France and NEW YORK, April 30 – Infogrames Entertainment S.A. ("Infogrames" or "the Group") and Atari, Inc. (Nasdaq: ATAR) ("Atari") today announced that they have reached a definitive agreement to merge.
- brings to a close a period of financial underperformance for Atari;
300w ago - Former Sony exec Phil Harrison has landed a new gig as President and 'Directeur General Delegue' of Atari's parent company, Infogrames.
Reporting to CEO David Gardner, Phil joins Infogrames' Board of Directors and will oversee the studios and coordinate content development for the company.
Press Release: PHIL HARRISON APPOINTED PRESIDENT (DIRECTEUR GENERAL DELEGUE) AT INFOGRAMES AND JOINS THE BOARD OF DIRECTORS
Former President of Worldwide Studios, Sony Computer Entertainment, with World Class Gaming Expertise Joins Infogrames to Lead Group Publishing and Game Development into the Network Era
Lyon - France, March 3, 2008 - Infogrames Entertainment announces today the appointment of Phil Harrison as President and Directeur General Delegue of Infogrames Entertainment, reporting to David Gardner. Phil Harrison also joins the Board of Directors
With the recent appointment of David Gardner as CEO, Phil and David will together form the basis of a transformational leadership team at Infogrames that will grow the Atari brand into a leading online game company. Phil Harrison will oversee the Studios and content development for the group.
Phil will be in charge of boosting the Group's publishing activities, notably through reinforcing its franchise portfolio...