THQ bids for Paradigm

At the same time, MCV believes that an MBO at Shiny Entertainment is on the cards - while more product deals similar to the sale of Timeshift to Vivendi are likely.

In an exclusive interview wtih MCV, Atari CEO Bruno Bonnell refused to confirm the studio deals, but revealed that latest bank negotiations – which have seen the publisher secure an additional bank line worth Euro 20m plus the option to negotiate a further Euro 30m – will mean security for the company.

As revealed by MCV earlier this year, Bonnell is looking to sell off Atari’s five studios – namely Reflections, Melbourne House, Paradigm, Shiny and Eden – in a bid to further bolster the company.

Strong rumours now suggest an MBO for Shiny and the sale of Paradigm to THQ. But Bonnell would not be drawn on whether any announcements are due: “I’ve said that we are not going to rush into a fire sale. The deals have to be right. I hear the rumours and the truth is that, yes, we are in discussions with a number of partners about the studios. Those discussions are on-going, but there is no firm commitment right now.”

He did, however, admit that the sale of Timeshift to VU Games may not be the last product deal.

“We have been very clear in our will to streamline our catalogue and without any taboo. We did strike a deal with Vivendi over Timeshift. Expect more.”

The full interview appears in today's issue of MCV, which will also be distributed at E3 next week.

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