Atari Facing $291 Million Debt Claim From... Atari

[wraggster]

Atari declared bankruptcy (http://games.slashdot.org/story/13/01/21/130215/atari-files-for-bankruptcy) earlier this year, and part of that process involves selling off its property in order to pay as many entities holding its debt as possible. The latest round includes a $30 million claim from Atari's parent company (http://atariuser.com/portal/atari-to-sell-off-most-of-its-assets-but-questions-remain-unanswered/) in France, and a $261 million claim from another subsidiary of that parent company. The $30 million debt is secured (in other words, they get priority on whatever's left in the U.S. Atari's coffers), but the $261 million debt is not, so they'll have to wait in line with everybody else."The article also lists some interesting sell-offs. The old Accolade brand got sold for $50,000, the Battlezone Franchise was sold to Rebellion Interactive for $566,500, and Wargaming World Limited purchased the Total Annihilation and Masters of Orion franchises. Stardock Systems, creators of Sins of a Solar Empire, picked up the rights to the Star Control franchise, which they intend to reboot (http://brutalgamer.com/2013/07/23/stardock-acquires-star-control/). (Those who played it will recall that StarCon2 was the Best Game Ever. And it's been remade after the creators released the source code.) (http://sc2.sourceforge.net/)

http://games.slashdot.org/story/13/07/23/231205/atari-facing-291-million-debt-claim-from-atari