Atari appears to be in the process of switching off Eden Games' life support and closing the studio.
Eden Games most recently made open world racing game Test Drive Unlimited 2 (2011). Before that, Alone in the Dark (2008), and before that, Test Drive Unlimited 1 (2006).
"Eden Games has been accounted for as 'Discontinued Operations' under IFRS 5, as the Company has started a divestiture process of the studio," declared Atari's annual financial report.
Atari also referred to the Eden Games business as "in the process of being disposed of".
Atari didn't unambiguously state that "Eden Games will be closed", but that's the inference. The "divestiture process" probably refers to the sale of Eden Games assets - the office, game code, etc..
Atari's financials also confirmed the sale of its 38.6 per cent stake in GameOne to MTV parent Viacom. GameOne is a French telly station that airs anime shows like Naruto and Dragon Ball.
Consider Atari's sale of Star Trek Online and Champions Online developer Cryptic Studios last year - and the apparent closure of Dungeons & Dragons: Daggerdale studio Bedlam Games in August - and there doesn't appear to be much in the way of game-making guts left.
Cryptic is still apparently making online D&D game Neverwinter for Atari, although we've heard nothing for a while - worrying, given the late-2012 release date.
Atari's sole ambition now seems to be adapting its "brand and IP portfolio" for mobile and online platforms.
"For 2012/2013, we will seek to expand further in the fast-growing mobile games segments and drive the company to further grow its online and franchise licensing businesses," commented Atari CEO Jim Wilson.
Atari's posted an annual loss of €3.7 million - roughly half the previous year's loss of €6.2 million.
Will you support Eurogamer?
We want to make Eurogamer better, and that means better for our readers - not for algorithms. You can help! Become a supporter of Eurogamer and you can view the site completely ad-free, as well as gaining exclusive access to articles, podcasts and conversations that will bring you closer to the team, the stories, and the games we all love. Subscriptions start at £3.99 / $4.99 per month.