Atari bankruptcy: Video game maker files for Chapter 11 bankruptcy protection

Video game maker Atari is filing for Chapter 11 bankruptcy.

The company, along with three of its affiliates, has filed for bankruptcy protection in court in New York.

Atari was a trailblazer in developing video games in the '70s and '80s.

Atari's now focusing on smartphone apps and Internet-based games.

Through bankruptcy, Atari hopes to separate itself from its French parent company in the next several months.

It hopes to find a buyer to go private.