Investor pledges to turnaround Infogrames

Though it has insisted that it doesn’t intend to gain control” of the Atari owning French publisher Infogrames, investment firm BlueBay Value Recovery Fund has grown its stake of the company to 22.5 per cent.

As well as its increased ownership, which includes 288,627,392 shares, the firm has also upped its voting rights, which now sit at 22.43 per cent.

It has stated that the move is not tantamount to a takeover, but BlueBay has admitted that it intends to help the company’s turnaround” by holding seats on the board of directors.

About MCV Staff

Check Also

Cyberpunk 2077 pre-orders are “visibly higher” than any Witcher title, with strong digital sales expected

Cyberpunk 2077's pre-orders are "visibly higher" than those for any Witcher title – and CD Projekt Red expects at least 50% of early sales to be digital