Timeshift, Stuntman And Games.Com Sold For € 20 Million
Lyon, France, May 10, 2006 – As part of the Infogrames Entertainment’s plan to dispose of assets and further to announcements made in February, the Company and Atari Inc. have announced the sale of intellectual properties to other industry participants for an aggregate of 20 million euros.
- Timeshift has been sold to Vivendi Universal Games
- Games.com has been sold to America On Line
- Stuntman has been sold to THQ Inc, which also has an option to purchase the Paradigm Entertainment development studio of Dallas, Texas.
Timeshift and Stuntman are Atari Inc. properties, while Games.com and Paradigm are subsidiaries of Infogrames Entertainment.
Proceeds from the sales will enable the Group to finance the development of new activities and to invest in new interactive formats.
Infogrames Entertainment chairman and chief executive officer Bruno Bonnell offered the following comments regarding the disposals: “Our Group is concentrating on streamlining its holdings and investing in new intellectual properties. The new generation of game consoles and portable players as well as the increase in online gaming provide us with an opportunity to expand our catalog and to invest in the production of new games. Our recently announced releases of products such as BattleZone for PSP and Alone in the Dark for XBOX 360 and PS3, our purchase of the rights to Earthworm Jim and Arthur and the Minimoys as well as the development of HOT PXL for PSP all demonstrate our firm resolve to remain leading innovators in the interactive entertainment field.”
About Infogrames Entertainment and Atari
Infogrames Entertainment (IESA), the parent company of the Atari Group, is listed on the Paris Euronext stock exchange (ISIN code: FR-0000052573) and has two principal subsidiaries: Atari Europe, a privately-held company, and Atari, Inc., a United States corporation listed on NASDAQ (ATAR).
The Atari Group is a major international producer, publisher and distributor of interactive entertainment software for all market segments and in all existing game formats (Microsoft, Nintendo and Sony) and on CD-ROM for PC. Its games are sold in more than 60 countries.
The Atari Group’s extensive catalogue of popular games is based on original franchises (Driver, Alone in the Dark, V-Rally, Test Drive, Roller Coaster Tycoon, etc.) and international licenses (Matrix, Dragon Ball Z, Dungeons & Dragons, etc.).
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