Atari to Raise $24
Million Through Asset Divestiture (thanks
Frans) has word that Atari has
sold the Driver franchise, along with most of the assets of Driver developer
Reflections, to Ubisoft for a reported $24 million. Word is: "Atari will maintain
sell-off rights for a three month period for all Driver products except Driver:
Parallel Lines, which the company retains until end of calendar 2006. Specific
financial terms of the agreement were not disclosed and the agreement between
the two companies is subject to normal closing conditions. The Company
anticipates closing of the transaction to be completed prior to the end of its
fiscal second quarter ending September 30, 2006."