Classic video game maker Atari filed for bankruptcy late Sunday night in an attempt to break away from its financially troubled French parent company.

According to a press release from Atari, its Chapter 11 bankruptcy filing is a move to distance itself from Atari S.A., formerly called Infogrames, which it has been affiliated with since 2003. Atari seeks to find a new buyer for its classic video game franchises, including Pong, Breakout, and Centipede, and its logo, one of the most recognizable video game logos to consumers.

Atari has recently switched its focus into the mobile space, releasing remakes and collections of its franchises on iOS and Android. Some of the more popular releases include Atari Greatest Hits and Astroid Gunner. Atari also licensed Breakout to social game giant Zynga to make Super Bunny Breakout for mobile. [read]

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