France’s Infogrames Entertainment has announced it plans to acquire the remainder of venerable video game developer Atari for just $11 million. Infogrames already owns just over 51 percent of Atari’s stock, and has been publishing games under the Atari name since 2001. The takeover will yield $1.68 per share to Atari shareholders, assuming they approve the deal.
"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 in a statement.
