Atari filed for bankruptcy

I had an Atari when I was a kid.  I was too young for it, really, Super Nintendo was already out when I got it, but my dad brought it home one day and it was awesome. Maybe nostalgia was already a big enough influence on my life back then that I cared about connecting with the history of video games, but I loved playing Atari.

Al Jazeera writes,

Video game company Atari SA said it has filed for bankruptcy protection in Paris and New York after it failed to find a successor to main shareholder and sole lender BlueBay.

The US operations in addition plan to separate from their French parent to seek independent capital to grow in digital and mobile games, Atari Inc said in a statement on Monday.

The US businesses plan to sell or restructure all or almost all of their assets in the next three to four months and are seeking $5.25 million in financing from Tenor Capital, Atari Inc added.

[...]

Atari SA said no investor had been willing to replace BlueBay as its reference shareholder and main creditor because of its French listing, complicated capital structure and the difficult economic and operating environment.

The company said it owed 21 million euros ($28 million) to BlueBay.

This news hurts my nostalgia bone, but the fact that the list of notable games at the bottom of the article is "Pong, Asteroids, Centipede, Missile Command, Battlezone and Tempest," suggests that this company really is where it ought to be -- To my knowledge, Atari hasn't accomplished anything extraordinary lately, and a company can only live so long on nothing but a strong feeling that they deserve to be around.