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Atari Sells Driver

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."

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