Infogrames To Sell Assets For € 20 Million
Lyon, France, May 10, 2006 – At the Electronic Entertainment Expo (E3) in Los Angeles, Infogrames plans to announce the signature of agreements to sell intellectual properties and to confirm steps taken toward the disposal of development studios.
The sale of assets with a combined value of 20 million euros will provide the Group with the additional financing it needs to develop its future activities.
As announced in February, the Group continues its strategy of selective franchise releases and investments in the new formats.
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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