January 22, 2013 By News Staff
U.S. operations of the pioneering company filed for Chapter 11 reorganization in bankruptcy court in New York on Sunday. The move, according to multiple news reports, is a bid to break Atari’s U.S. business free from the firm’s troubled French parent, Atari S.A.
Founded in 1972, Atari launched some of the early video game industry’s most memorable titles, including Pong, Centipede and Asteroid. But Atari went through a series of corporate twists and turns since the heyday of arcade video game consoles in the 1980s. The Atari bankruptcy is merely the latest in a long history of corporate deaths for the company, noted arstechnica.com, adding that the legendary brand will live on.
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