Infogrames Makes Offer to Fully Acquire Atari
Posted by Chris on Saturday, March 8th, 2008 at 7:27 am under Games Industry, Atari, Game Companies
Tagged: acquisition, Atari, buyout, david gardner, infogrames and Phil Harrison
While already the majority shareholder in the company, Infogrames announced this week that it intends to buyout the remaining Atari stock it doesn’t already own. The offer would be for $1.68 per share.
Atari’s board of directors has said that it will take a thorough look at the offer before making a decision. Atari is viewed as a major brand for Infogrames under the new leadership of CEO David Gardner and president Phil Harrison.
I’m going to go out on a limb and predict that this deal will go through (with little to no negotiating on the stock price) and Infogrames will have taken another step forward in their revitalization of the company. I’m excited to see what Infogrames does with Atari and what Phil Harrison has in store for us.
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