U.S. console software developer Atari has confirmed that it has received an offer from French parent company Infogrames to acquire all of its outstanding stock, enveloping the smaller American developer full into its parent company.

In breaking this story, Gamasutra has aptly suggested that Atari’s fortunes have begun to change for the better in the most recent of times, largely due to its sale of assets to relieve financial pressure and the hiring of Sony expatriate Phil Harrison.

The only comment offered by Atari’s board of directors was that they will give the proposal a "thorough evaluation".