The Los Angeles Times is reporting today that Atari is filing for Chapter 11 bankruptcy protection, which could see the retro computer game company live on.
The filing will help free the company from French parent Atari SA, formerly Infogrames. Currently, Atari owes a huge chunk of cash to a company called BlueBay Asset Management; bankruptcy protection could see the brand live on, at least for a while. If it can manage that, things could turn up: the newspaper cites a "knowledgeable person", who claims that those involved hope to develop Atari into a "modest" business based on "digital and mobile platforms". More Atari iPhone games! [LA Times via Polygon via The Verge]
Picture: Mark Ramsay