After playing coy for a month or so, Atari has finally accepted parent company Infogrames' offer to merge. Hands up, everyone who's surprised by this news.
Under the terms of the merger, Infogrames will acquire the remaining Atari shares for $1.68 per share, bringing the total value of the offer to about $11 million. To put that in a bit of perspective, Electronic Arts recently offered Take-Two $26 per share, or about $2 billion.
After the ink on the deal is dry, Atari will be a wholly-owned subsidiary of Infogrames. In the mean time, Infogrames has agreed to lend Atari $20 million to help it with day-to-day operations until the merger is finalized.
Photo: sylvar/Flickr
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