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Infogrames, Atari Merge in 11M USD Deal
>> From next-gen.biz:
[QUOTE]
Infogrames said Wednesday it would acquire the remaining outstanding equity interests of Atari for $1.68 per share, or $11 million. The merger will make Atari a wholly-owned subsidiary of Infogrames.
Currently, Infogrames is the majority shareholder in Atari, with a 51.4 percent stake in the company.
"This agreement is an essential and positive development for Infogrames and its shareholders. It brings Atari fully under the control of Infogrames, delivering a platform for future growth in the US," read a statement from the companies.
[/QUOTE]
Full Story: next-gen.biz
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