Asteroids and Pong maker Atari files for bankruptcy

[Administrator]

Atari, creator of arcade classics Pong and Asteroids, has filed a petition for bankruptcy.
That's according to a new report by the L.A. Times, which claims that Atari's North American arm has filed the petition in a bid to rid itself of its debt-addled French parent company.
Atari is, globally, not doing very well. Revenues have fallen sharply for two years running, profits have been small and its share price is now worth less than one euro, Polygon reports.
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