Atari is following in the footsteps of THQ putting all of their remaining assets out for auction as none of the 15 preliminary bids met their expectations, reports Wall Street Journal (via GamesIndustry.biz.
Atari who filed for bankruptcy protection in January, has been dying slowly over the last few years. And while this is bankrupcty proceedings for the US branch of the company, it's putting the French branch under a lot of pressure. How and if Atari will survive in any form this time remains to be seen.
None of the 15 bids received for the entirety of Atari's back catalogue were deemed appropriate as a stalking horse bid - so the assets have been given minimum values. Most valuable among the assets is Rollercoaster Tycoon which requires a minimum bid of $3.5 million, while the Test Drive IP is valued at $1.5 million. Total Annihilation goes for a bargain $250,000 - and perhaps now that Wargaming.net owns Gas Powered Games that's a franchise to could return to its original creator. In total the assets are valued at $22.2 million minimum and the auction will be held over the course of four days.