Atari Inc. and three of its affiliates filed petitions for Chapter 11 reorganization in U.S. Bankruptcy Court in New York late Sunday.
Its leaders hope to break the American business free from French parent Atari S.A. and in the next few months find a buyer to take the company private. They hope to grow a modest business focused on digital and mobile platforms, according to a knowledgeable person not authorized to discuss the matter privately.
To be clear.. Atari Inc is different than Atari Games and the French Parent company (Atari S.A.) is the one that runs their website. http://www.atari.com.../about-atari-sa
Yeah.. confusing, right?
What this means is:
So who wants to pool some money, get the pong IP, and start suing the hell out of every pong-clone out there? Sure.. we can offer a small 'opt out fee' instead of hitting the courts.. we can make millions!