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Atari in financial trouble again

Can Big Phil save their assets?

Poor old Atari may be delisted from the NASDAQ stock exchange for failing to be worth enough money.

As reported by GamesIndustry.biz, Atari's shares had to remain at a value of at least USD 15 million (GBP a small flat with no windows in Islington) for 10 consecutive days. They didn't.

So the NASDAQ people sent them a threatening letter, again. Now Atari is requesting an appeal hearing, but says there are no guarantees.

The news comes just weeks after former big-deal-at-Sony Phil Harrison joined Infogrames, Atari's parent company, as president. Since then the company has announced Driving Theory Training for the DS. Come on Phil, where's Rubber Duck Hunt?

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About the Author

Ellie Gibson avatar

Ellie Gibson

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Ellie spent nearly a decade working at Eurogamer, specialising in hard-hitting executive interviews and nob jokes. These days she does a comedy show and podcast. She pops back now and again to write the odd article and steal our biscuits.

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