Shrygue
October 1st, 2007, 18:33
via MCV (http://www.mcvuk.com/news/28407/Infogrames-plans-to-restore-Atari-profitability)
Infogrames, the French parent company of US firm Atari, has said that it will soon unveil a plan to restore profitability to Atari which is it has blamed for overall operating losses across the group, according to news agency Reuters.
“We are negotiating with the management and the board of Atari Inc to restore financial equilibriums,” Infogrames chief executive Patrick Leleu stated at a shareholders' annual meeting.
“We are looking after the interests of Infogrames and its shareholders. We are trying to negotiate action plans. Talks are continuing. I should be able to announce some things rapidly.”
When asked if a sale was planned, Leleu refused to comment.
Infogrames, the French parent company of US firm Atari, has said that it will soon unveil a plan to restore profitability to Atari which is it has blamed for overall operating losses across the group, according to news agency Reuters.
“We are negotiating with the management and the board of Atari Inc to restore financial equilibriums,” Infogrames chief executive Patrick Leleu stated at a shareholders' annual meeting.
“We are looking after the interests of Infogrames and its shareholders. We are trying to negotiate action plans. Talks are continuing. I should be able to announce some things rapidly.”
When asked if a sale was planned, Leleu refused to comment.