wraggster
May 23rd, 2013, 22:37
Long-standing games company going to auction after failing to find a buyer
The US arm of beleaguered publisher Atari Inc is looking to auction off its assets in a move that it hopes could raise $22.2 million.
As reported by The Wall Street Journal (http://online.wsj.com/article/SB10001424127887323975004578499210656230972.html), the sale of individual assets from the company’s US business includes the Atari brand, with bidding set to start on that at $15 million.
Court papers also revealed that the minimum bid for the RollerCoaster Tycoon IP is set at $3.5 million, while the company’s Test Drive franchise is up for $1.5 million.
Other IP up for sale includes the Total Annihilation franchise, which is up for $250,000, as well as Humongous, Fatty Pear’s Birthday Surprise and Math Gran Prix.
The entire auction process, set to take place in July, could raise at least $22.2 million for the company. The the company must however await court approval before it can officially begin the sales process. It is hoping to set a deadline for bids on July 10th, with auctions taking place a week later.
http://www.develop-online.net/news/44287/Atari-seeks-22m-in-assets-sale
The US arm of beleaguered publisher Atari Inc is looking to auction off its assets in a move that it hopes could raise $22.2 million.
As reported by The Wall Street Journal (http://online.wsj.com/article/SB10001424127887323975004578499210656230972.html), the sale of individual assets from the company’s US business includes the Atari brand, with bidding set to start on that at $15 million.
Court papers also revealed that the minimum bid for the RollerCoaster Tycoon IP is set at $3.5 million, while the company’s Test Drive franchise is up for $1.5 million.
Other IP up for sale includes the Total Annihilation franchise, which is up for $250,000, as well as Humongous, Fatty Pear’s Birthday Surprise and Math Gran Prix.
The entire auction process, set to take place in July, could raise at least $22.2 million for the company. The the company must however await court approval before it can officially begin the sales process. It is hoping to set a deadline for bids on July 10th, with auctions taking place a week later.
http://www.develop-online.net/news/44287/Atari-seeks-22m-in-assets-sale