Atari - Destroyed by Sale to Warner in 1976

According to Gamespot Atari's Co-founder Nolan Bushnell hosted a new Reddit AMA, and talked about how the sale to Warner Communications in 1976 ruined Atari.

Atari's decision to sell to Warner Communications in 1976 was a mistake that cost the iconic Pong company almost everything, according to co-founder Nolan Bushnell. During a recent Reddit AMA, Bushnell said the biggest lesson he learned at Atari was to never sell to "big Hollywood studios." This sale almost immediately marked the end of Atari, he said.

"Atari had an extraordinary corporate culture that was destroyed within two years of the sale," Bushnell said. "I think that Atari would still be important today if that sale hadn't occurred."

Atari lives on today, but only as a shell of its former self, having undergone numerous splits and acquisitions. The current version of Atari is still involved in games, having recently announced Roller Coaster Tycoon World and reboots of Alone in the Dark and Haunted House for PC.