Atari Sells off Humongous Ent. for $10.3 Million
Atari Inc., a leader in interactive entertainment, has sold its Humongous Entertainment studio to Infogrames Ent. SA, the company's majority stockholder, for approximately $10.3 million.
About $2 million of the purchase price represents pre-payment of future costs Atari will incur related to platform royalty advances, manufacturing costs and milestone payments. Atari will have exclusive distribution rights for Humongous products in the U.S., Canada and Mexico through at least March 31, 2006.