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Bizz Buzz - Infogrames Suspended

Infogrames suspended, speculation mounts (thanks Mike Martinez) is a story on the financial wires with word that trading of shares of Infogrames "was delayed on Friday pending a statement from the company," which has "fuelled speculation the debt-burdened firm will either announce a restructuring of its convertible debt or be the target of a takeover bid." Update: HomeLAN Fed points out the story has since been edited to include a response quote from Bruno Bonnell: "Infogrames is not involved in any discussions regarding a friendly or hostile bid on the company." Here's more:

An Infogrames spokeswoman declined to comment, saying a statement was expected later in the day.

Shares in Infogrames have rallied 16.6 percent since Tuesday, but are still down nearly 70 percent this year as investors question the firm's ability to generate enough cash to remain a sector leader.

Infogrames still needs to repay 117.1 million euros in convertible bonds due in 2005 and 124.3 million euros in bonds due in 2009.

Infogrames has repeatedly been the target of rumours it could end up being bought by a large U.S. rival like sector leader Electronic Arts (ERTS.O: Quote, Profile, Research) or by an international media group.

Some traders cited talk Infogrames may bid for British firm Eidos (EID.L: Quote, Profile, Research) , which has said it was in discussions over a possible sale.

But a source close to Infogrames poured cold water on that hypothesis, saying the two firms were not in discussions.

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27 Replies. 2 pages. Viewing page 1.
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27. Re: No subject Oct 30, 2004, 10:24 ZzeusS
 
I would love another Idependance War. 2 was great stuff.

 
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26. No subject Oct 30, 2004, 00:16 03YZFR6
 
Football Pro 98 w/ the 2d engine was a sweet game! Glad I didn't get 99

 
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25. Re: No subject Oct 29, 2004, 21:35 BIGtrouble77
 
It was actually called 'Football Pro '99' at that point. Sales were waaaay down before that game was recalled. I was actually a part of that F'd up customer beta test.

All they had to do was go with someone else's 3d engine rather than try to develop their own from scratch. I think they were banking on that game saving Sierra sports- so it was a really quick death.

 
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24. Re: all the.... what now? Oct 29, 2004, 19:35 Cy
 
Infogrames never made a game in their entire existence. All they did was bully and screw development houses.

Not a cool company, not remotely.

'Course not they're french

 
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23. all the.... what now? Oct 29, 2004, 18:34 Vinquus
 
Infogrames never made a game in their entire existence. All they did was bully and screw development houses.

Not a cool company, not remotely.

 
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22. No subject Oct 29, 2004, 16:40 VoodooV
 
sigh, why do all the cool companies like Infogrames and Looking Glass get killed offf.

I thought Infogrames changed their name to Atari after they bought it?

or who am I thinking of?

 
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21. Re: No subject Oct 29, 2004, 16:32 PHJF
 
Yeah that was FPS Football that got recalled.

Death to Sierra!

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“The closer you get to being a pro, the closer you can get to the client. The knife, for example, is the last thing you learn. Ok?"
 
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Steam + PSN: PHJF
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20. Re: No subject Oct 29, 2004, 15:28 nin
 
Bigtrouble77, just FYI, EA didn't put Sierra sports out of business. Sierra screwed that one up all by themselves.

I forgot all about that...wasn't it FrontPage Sports Football that got recalled one year?


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This comment was edited on Oct 29, 15:30.
 
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19. Re: No subject Oct 29, 2004, 15:23 SkiToDie
 
Bigtrouble77, just FYI, EA didn't put Sierra sports out of business. Sierra screwed that one up all by themselves.

 
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18. No subject Oct 29, 2004, 15:07 StealthR6
 
Powerslide was probably the best arcade racer ever made! That one was a good one, I think the dev's made those dirt track racing games also but correct me if I'm wrong.

 
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17. Re: No subject Oct 29, 2004, 15:05 PHJF
 
Infogrames = Powerslide... I loved Powerslide.


------
“The closer you get to being a pro, the closer you can get to the client. The knife, for example, is the last thing you learn. Ok?"
 
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16. No subject Oct 29, 2004, 14:32 sauron
 
The Cthulu game is being published by Bethesda (Morrowind), so that should be OK.

And I too want to see an I-War3 - in fact, I hang out on the I-War board from time to time.

 
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Kittens!
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15. Re: No subject Oct 29, 2004, 14:11 Monty
 
I was going to say they deserve it for releasing Rourke's Drift but seriously I hope they pull through. They did make some great games, North v South was a classic.

 
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14. Re: No subject Oct 29, 2004, 14:00 L0cky
 
Well there big games they put out are the Unreal Tournament series, dont think DE/epic will have problems finding a publisher for that

Epic already dumped Atari in favour of Midway. Thats why there's a hidden Mortal Kombat character in Unreal Championship 2

 
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13. Re: No subject Oct 29, 2004, 13:41 BIGtrouble77
 
I'm not sure what to think about EA basically owning the game industry. I was pissed that they put sierra sports out-of-business (cause I loved the sim features), but it doesn't look like they're out to influence the games that they sell too much.

Maxis has been doing pretty well under EA. I guess Origin is an example of a great company going waaaay south after EA acquired them.

One thing I do know is that competition is a good thing and it appears that UBI soft may be their only other major competitor after this- which isn't good.

 
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12. Re: No subject Oct 29, 2004, 13:35 BIGtrouble77
 
Oh crap! This better not delay Pirates! again.

 
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11. No subject Oct 29, 2004, 13:11 StealthR6
 
Well there big games they put out are the Unreal Tournament series, dont think DE/epic will have problems finding a publisher for that. Also Roller Coaster Tyoon 3 looks good and it should be out in a few days. Other then those games the rest of there lineup is CRAP.

 
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10. Re: No subject Oct 29, 2004, 13:08 Sixis
 
I WANT I-WAR 3 DAMNIT!

Maybe this is good news, considering EA and Eidos love sequels.
 
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9. Re: No subject Oct 29, 2004, 13:07 nin
 
Isn't Infogrames aka Atari ? And is this the news that makes going out of business fun ?

Yeah, when did they go back to "Infrogrames" ( ) ?

And they wanny buy Eidos?

"Let's make shitty games together!!!"



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8. Re: No subject Oct 29, 2004, 12:52 Fillem
 
haven't checked yet but was infrogames working on that latest cthulu game? Hope not because I'm still looking forward to playing that...  
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