Atari's bankruptcy escape plan is court-approved
It's been less than a year since Atari filed for Chapter 11 bankruptcy , and today the Wall Street Journal reports the company has secured approval from both its creditors and the court for a plan to pay back part of its debt and exit bankruptcy.
Thursday Dec 5
Wall Street Journal
Legacy Videogame Company Atari Cleared to Exit Bankruptcy
Atari Inc., the company that helped give birth to the modern-day videogame industry with the introduction of now-classic games such as Asteroids and Pong, received court approval of its plan to exit bankruptcy under the control of its French parent Atari S.A. Judge James Peck of the U.S. Bankruptcy Court in Manhattan thanked the parties Thursday ... (more)
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