Infogrames plans to restore Atari profitability

MCV Staff 1st October 2007 Business News

Infogrames, the French parent company of US firm Atari, has said that it will soon unveil a plan to restore profitability to Atari which is it has blamed for overall operating losses across the group, according to news agency

Reuters

.

We are negotiating with the management and the board of Atari Inc to restore financial equilibriums,” Infogrames chief executive Patrick Leleu stated at a shareholders’ annual meeting.

We are looking after the interests of Infogrames and its shareholders. We are trying to negotiate action plans. Talks are continuing. I should be able to announce some things rapidly.”

When asked if a sale was planned, Leleu refused to comment.

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