I doubt it. The reason is the Colecovision game library has very little in Original games. Colecovision's game library is something like 90 percent on a combination of arcade ports, 3rd party games, and games based on IPS. Atari would have very little access to the Colecovision library as a result. The only Colecovision arcade ports Atari can access to is Frenzy, and Centipede.
All Atari could do is the Colecovision modules, the Colecovision system, the Collecovision controllers, and stuff like Colecovision t-shirts if they purchase Colecovision.