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Atari Sells Humongous to Infogrames for $10.3 Million

Dealing with its own financial struggles, Atari has further streamlined its business and sold off its Humongous Entertainment studio to parent company Infogrames. The deal should give Atari a bit of a lift by increasing resources as it looks to ways to produce higher quality titles and strengthen its bottom line.

In an effort to streamline U.S. operations and reduce costs, Atari, Inc. today announced the sale of Humongous Entertainment to Atari parent company/majority stockholder, France-based Infogrames Entertainment SA, which is the largest video games publisher in Europe.