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Former Atari CEO bids to save his old gaming company from bankruptcy

Loek Essers | Feb. 6, 2013
Former Atari Interactive CEO Frédéric Chesnais has decided to take a 25.23% stake in the company in a bid to save it from bankruptcy, Atari announced on Tuesday.

"I made this move because I love the team, I know about games, I love the brand and in the past we have all spent nights and days to make it shine," Chesnais said in a statement, adding that he didn't hesitate for one second when he heard the bad news. He plans to work hard to seek the financing needed for Atari: "I am just given a few weeks to put the Company back on track and I have to give it a try," he said.

He will replace Gene Davis, who was named CEO of Atari SA following BlueBay's announcement of its intention to sell its shares. Davis will become CEO of Atari Inc. in order to concentrate on the U.S. bankruptcy protection procedure.

 

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