If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Asteroids and Pong maker Atari files for bankruptcy

Can't comet to any longer in business.

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.

It is this mess that Atari's US division is now trying to flee from - and its parent company's reliance on a London-based credit firm for cash.

Atari US hopes that by filing for bankruptcy it can "break free" and be reborn as a new company, focusing on mobile and digital platforms with little or none of its parent company's debt.

Atari is currently working on a new Pong game with Zynga, plus mobile versions of Rollercoaster Tycoon, Dungeons and Dragons, Centipede: Origins and Outlaw.

Become a Eurogamer subscriber and get your first month for £1

Get your first month for £1 (normally £3.99) when you buy a Standard Eurogamer subscription. Enjoy ad-free browsing, merch discounts, our monthly letter from the editor, and show your support with a supporter-exclusive comment flair!

Tagged With
About the Author
Tom Phillips avatar

Tom Phillips

Deputy Editor

Tom is Eurogamer's deputy editor. He writes lots of news, some of the puns and makes sure we put the accent on Pokémon.

Eurogamer.net logo

Buy things with globes on them

And other lovely Eurogamer merch in our official store!

Explore our store
Eurogamer.net Merch