Space Invaders > Call of Duty

01.21.132:43 PM ET

Goodbye Pong?

Atari, the pioneer of the video game industry, has filed for bankruptcy protection. In a statement, the company says it wishes to separate from its parent company, Infogrames Entertainment, who bought Atari out in 2008. They are currently looking for private investors to help jump start the company into the 21st Century.

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