293w 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;
308w ago - For UK-based gaming fans not yet swayed by the considerable lure of Sony's PlayStation 3 console, a brand new hardware and software bundle might yet be the catalyst for change - not least in established Xbox followers unwilling to share their platform allegiance in light of Sony's upper tier pricing.
Specifically, Sony Computer Entertainment Europe (SCEE) has this week rolled the covers off what appears (at first glance) to be a rather tempting 'Pick N Mix' retail deal that will see UK consumers able to snaffle the PlayStation 3 and two games for a total price of £349.99 GBP.
While that might not seem like much of a deal, its worth becomes somewhat clearer when factoring in that the games on offer are first-party titles, not shoehorned third-party also-rans bundled in for little more reason than shifting dusty and unwanted stock.
Sony says the offer will launch this coming Friday (January 18) and will run until further notice, with the games open for selection being as follows: Ratchet & Clank Future: Tools of Destruction, Formula 1, Lair, Uncharted: Drake's Fortune, and SingStar PS3 (with microphone peripherals), Motorstorm, Resistance: Fall of Man, Folklore, Warhawk (with accompanying headset, and Genji: Days of the Blade.