Atari CEO makes ‘friendly offer’ to acquire control of struggling games publisher

Wade Rosen, CEO of Atari (opens in new tab), has made a bid to acquire control of the company after it reported “a liquidity shortfall and additional financing requirements” in its recent half-year financial report.

In a press release, Atari stated that a “friendly offer” had been “initiated to acquire control and increase the managing shareholder’s capacity to support the Company’s development ambitions”. As part of this Atari’s CEO “intends to further strengthen his interest in Atari’s capital in order to support the Company with rolling out its transformation strategy.”

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