Looks like Phil Harrison’s time at Infogrames has started with a bang. The company has offered to buyout Atari’s stock for $1.68 a share.
Keep in mind, Infogrames is already the majority stockholder in Atari, essentially controlling the company. This offer is to buy all remaining stock to fully own the company. Atari is set to hold a meeting of the board to discuss the takeover and see how they feel.
I say let it happen. Atari is in the crapper right now, and being controlled by Infogrames can only help. I just hope they don’t kill the Atari brand, as many of us have very fond memories growing up their systems and games.
[via GamesIndustry.biz]
Remember those rumors that Phil Harrison was leaving Sony to take the reigns at Atari? Well, they were sort-of right. The truth is that Phil will be taking over Infogrames, the parent company of Atari. Can he bring them back from the edge of extinction? Here’s what the man himself had to say:
This is the perfect time to join Infogrames and help shape the future of Atari - one of the industry’s legendary brands. As the game business moves rapidly online I believe we have an outstanding opportunity to create amazing network game and community experiences for players the world over. I am especially excited to be working on this challenge together with David, one of the most respected leaders and successful executives in our industry.
We’ll see what happens over the next year or so as Phil expands the Infogrames lineup. Wishing him and the company the best in their new endeavors.
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