Atari parent Infogrames scrapes by with proceeds from bond issue
After using roughly €40 million of the bond proceeds to repay loans from Banc of America, Infogrames is expected to be left with more than €100 million (after insurance fees) to relaunch publishing activities and sustain operating costs. And when that money runs out, Infogrames it still entitled to a €54.7 million credit line with Banc of America until Feb. 28, 2009. But this isn't simply free money; the convertible bond will further reduce the dismal value of shareholders' equity once the bonds are converted into new shares. The alternative? Carry dear Infogrames out back and put one between its eyes.
Reader Comments (Page 1 of 1)
Qraze @ Jan 3rd 2008 10:54AM
wow......kind of sad i guess. but it seems like their trying to stay alive. if they could due a better Driver and really try to push it,who knows. but i hope they don't go under.
Dustin @ Jan 3rd 2008 11:02AM
Driver is one of those games that could genuinely benefit from a Batman Begins/Tomb Raider Legend.
Double J @ Jan 3rd 2008 11:06AM
NOO! Little....armadillo.....thing....YOU HAVE SO MUCH TO KINDA SORTA LIVE FOR MAYBE!
Ibere @ Jan 3rd 2008 11:27AM
Rocks rocks... rocks my wooorld!!
Neil @ Jan 3rd 2008 11:29AM
Can't talk about all games, but there was a lot of savings if you bought Warhawk from PSN vs. buying the retail box, still I like owning the disc as I can lend it to a friend or sell it when I've gotten bored of it.
Neil @ Jan 3rd 2008 11:30AM
Blast, posted in the wrong story (not sure how that happened) lol.
ChiTownRuler23 @ Jan 3rd 2008 12:12PM
if they actually made a "Driver" game on a next gen platform that doesnt suck i dont think they would be in this mess
Qraze @ Jan 3rd 2008 1:12PM
ya, i played parellel lines on the original xbox and it was allright but it just felt like it was missing something,however weird that may seem
ZacMeoff @ Jan 8th 2008 5:37PM
If they would publish a Nex-Gen sequel to Hog of War, they would be right back in the game!
Seriously...I love that damn game.
Rocketboy @ Jan 3rd 2008 11:15AM
Kudos and Huzza for enjoying Hogs of War.