US publisher Atari, the Infogrames subsidiary only partly owned by the European group, has been de-listed from the NASDAQ stock market effective this morning.

The firm's value had fallen too low, for too long, and the Listing Qualifications Panel moved to suspend trading in the company. Atari, for their part, will appeal to a Hearing Review Council, in the hope of having this move over-turned.

Atari will initially be traded on Pink Sheets, a market for de-listed shares.

Atari were apparently culled from the market because the publisher failed to maintain a market value of 15 million USD for 10 days.

Infogrames already own over 50% of Atari US, and it has already been confirmed that the companies are to merge wholly. This de-listing will apparently not effect this.

By Luke Guttridge

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