I found a good FAQ on GeoS*itties explaining that Atari had bought the license back in 95, and when Nolan and the gang left, Atari was bought by Warner Communications. Evidently Atari had paid $10E6, or was responsible for returning a dividend of $10E6 or something, which Warner may have resolved with Universal/Lorimar.
Even so... who knows where this can be secured from? Isn''t it time we dusted of the old classic?
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-WarMage
...GameDev presents "Chip in to buy rights to TLS and make an open source spacewar!", or something?