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Economy

Game Over? Atari, Producer Of Pong And Asteroids, Files For Bankruptcy

BLOOMBERG (USA), LES ECHOS (France)

Worldcrunch

The U.S.-based businesses of the iconic video-game-maker Atari have filed for bankruptcy protection in the U.S. Bankruptcy Court in Manhattan.

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An Atari 2600 console - Wikimedia

Late Sunday, Atari said it was filing for Chapter 11 bankruptcy protection in an effort to free the company from its French parent Atari SA, formerly Infogrames, and focus on digital and mobile games, the French financial newspaper conseils_col_droite_finance_marches-20121127-lientext-HP_finance-marches">Les Echos reports.

According to Bloomberg, the French parent, which hasn’t made a profit since 1999, said it was expecting "significant losses" in 2013, adding that it would weigh all means of raising cash and had been talking to potential investors. Atari shares fell as much as 5.6 percent to 84 cents in Paris trading early Monday.

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Screenshot of Atari's 1979 game Asteroids - Wikimedia

The brand, founded in 1972 in California by Nolan Bushnell and Ted Dabney, became a pioneer in arcade and video games, creating legendary products such as Pong, Asteroids and the Atari 2600 console. Although the company has helped define the video-game-making business from the 1970s to the mid-1980s, it has been plagued by financial difficulties for decades.

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Screenshot of Atari's iconic game Pong - Wikimedia


if atari go down none of their game will work online oh wait they dont anyway

— mystery moon (@beetjeff) January 21, 2013

Really hoping Atari assets get picked up by a snazzy start up with a young CEO so I can use the headline: Atari Teenage Buyout.

— Dan ಠ_ಠPearson (@Danbojones) January 21, 2013

Atari has been reduced to a mere cool logo on a tee-shirt for so long, who knew they were still in games... sad!

— PS Vita Roundup (@psp2roundup) January 21, 2013

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Geopolitics

D.C. Or Beijing? Two High-Stakes Trips — And Taiwan's Divided Future On The Line

Two presidents of Taiwan, the current serving president, Tsai Ing-wen, and her predecessor, Ma Ying-jeou from the opposition Kuomintang party, are traveling in opposite directions these days. Taiwan must choose whom to follow.

Photo of Taiwan President Tsai Ing-wen

Tsai Ing-wen, the President of Taiwan

Pierre Haski

-Analysis-

PARIS — Tsai Ing-wen, the President of Taiwan, is traveling to the United States today. Not on an official trip because Taiwan is not a state recognized by Washington, but in transit, en route to Central America, a strategy that allows her to pass through New York and California.

Ma Ying-jeou, a former president of Taiwan, arrived yesterday in Shanghai: he is making a 12-day visit at the invitation of the Chinese authorities at a time of high tension between China and the United States, particularly over the fate of Taiwan.

It would be difficult to make these two trips more contrasting, as both have the merit of summarizing at a glance the decisive political battle that is coming. Presidential and legislative elections will be held in January 2024 in Taiwan, which could well determine Beijing's attitude towards the island that China claims by all means, including force.

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