Infogrames’ Shares Suspended In Paris

Infogrames, Europe‘s largest creator of video games that also owns Atari brand has spent 2 years attempting to pay off massive debts. It has reached a deal recently with its bankers to see it through the crucial Christmas trading period. the company is also working on refinancing €117m (£81m) worth of bonds which are due to convert into stock next year and has been worrying investors for some time.

BBC News have reported that company shares has been suspended in Paris. The company, which has a 57% stake in console pioneer Atari, added that it expects sales for the last three month to be in line with the guidance it gave analysts over the summer. With the news of the suspension of Infogrames‘ shares reached London, Eidos shares raced as traders speculated about a possible bid for the creator of action heroine Lara Croft. But Infrogramers said that it was not in any bid situations.

BBC also reported that although Infogrames is Europe’s top video games maker, the first quarter of its sales dropped by 20% despite better sales in the U.S. Infogrames have produced many game titles across different console, one of its best-sellers have been based on the film The Matrix Reloaded.

Via BBC News

Infogrames, Europe‘s largest creator of video games that also owns Atari brand has spent 2 years attempting to pay off massive debts. It has reached a deal recently with its bankers to see it through the crucial Christmas trading period. the company is also working on refinancing €117m (£81m) worth of bonds which are due to convert into stock next year and has been worrying investors for some time.

BBC News have reported that company shares has been suspended in Paris. The company, which has a 57% stake in console pioneer Atari, added that it expects sales for the last three month to be in line with the guidance it gave analysts over the summer. With the news of the suspension of Infogrames‘ shares reached London, Eidos shares raced as traders speculated about a possible bid for the creator of action heroine Lara Croft. But Infrogramers said that it was not in any bid situations.

BBC also reported that although Infogrames is Europe’s top video games maker, the first quarter of its sales dropped by 20% despite better sales in the U.S. Infogrames have produced many game titles across different console, one of its best-sellers have been based on the film The Matrix Reloaded.

Via BBC News