21 January 2013 2:05 PM, PST | Deadline TV | See recent Deadline TV news »

Updated: This should bring back wistful memories for gamers who recall how products including Pong, Tank, and the Atari 2600 shaped the video game industry back in the 1970s — and painful ones for media industry veterans. The French company that owns Atari said today that its U.S. business filed for Chapter 11 bankruptcy protection as it looks to sell or restructure the operation. Hours later, Atari S.A. also filed for bankruptcy in France under Book 6 of that country’s commercial code, according to the La Times. The Execs made the decision after Atari’s main shareholder and lender, investment firm BlueBay, said it couldn’t find anyone to buy the game company — and couldn’t continue to fund it. (Two of BlueBay’s funds are in liquidation.) The filing comes in advance of a credit facility due on March 31 as the company says it “has been starved for funds and »

- DAVID LIEBERMAN, Executive Editor

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