Atari has sent out a press release reporting that Atari's majority stockholder, Infogrames, has informed stockholders of a bid to buy up all remaining Atari stock. The buy out would pay stockholders approximately $1.68 USD:

NEW YORK, March 6, 2008 - Atari, Inc. (Nasdaq: ATAR), an interactive entertainment company, today announced that it received a letter from Infogrames Entertainment S.A. (IESA), Atari, Inc.'s majority shareholder, regarding IESA's non-binding expression of intent to acquire the outstanding common stock of Atari, Inc. not owned by IESA and its affiliates for a per share cash amount of $1.68. A Special Committee of Atari, Inc.'s Board of Directors intends to undertake, together with its advisors, a thorough evaluation of the proposal.

The offer is non-binding and there is no assurance that any transaction will occur or as to the terms of any transaction.

With the recent restructuring of Infogrames head office, this could be a golden chance for Atari to regain its status. The press release can be seen at Atari's site.

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