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Infogrames Drop

Infogrames stock price is taking hit in the wake of the Hasbro Interactive buyout. Stock in the newly enlarged game publisher fell more than 10 percent on news of the com...
Infogrames stock price is taking hit in the wake of the Hasbro Interactive buyout. Stock in the newly enlarged game publisher fell more than 10 percent on news of the company's latest acquisition, a purchase that struck many analysts as coming too closely on the heels of Infogrames' acquisition of troubled GT Interactive. Bruno Bonnell, however, feels the company will not be bothered by Hasbro's red ink. "We expect the impact to be minimal taking account of the restructuring plan for Hasbro Interactive. We will use the same strategy as for GT Interactive, which means it should take a year to break even," said Bonnell.

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