Atari Files for Chapter 11 Bankruptcy

Former Game Creator Giant Atari Files for Chapter 11 Bankruptcy Protection

Remember Centipede and Pong it? The maker of these classic game console games has filed for bankruptcy after years of struggling against major competitors. The technology movement has hurt game console makers, but Atari hopes that Chapter 11 protection will enable them to better handle their finances and create a profitable business model. Atari is currently developing new games for the iPad and other handheld devices that is expected to be a source of revenue for the 80s video game designer. Atari’s last app Temple Run 2 was downloaded more than 20 million times in four days. A sign that you can teach an old dog new tricks.

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