As reported yesterday, Infogrames Entertainment is in financial trouble and it has unveiled the cure, a debt restructuring plan pursuant to which it will shed approximately 173 million Euros in debt. The pain will be felt by its main bank, creditors and not least the bondholders. The next item on Infogrames agenda will be to turn the business around. It is expected that Infogrames will resume trading today.
Coverage at http://www.shorl.com/davepusevyfo (Gamedaily.biz)