The unstoppable French society Atari no longer has its former grandeur, but it continues to exist through various projects. After having ogled the side of cryptocurrencies for a while and NFTshe recently decided to also move away from the projects free-to-play to focus on premium games, likeAtari 50: The Anniversary Celebration (available from €39.99 on Amazon.co.uk).
It now plans to expand its reach with an unexpected acquisition. Atari just announced 100% redemption of Nightdive Studios, a company based in Vancouver, Washington, USA. It has published more than 100 titles since its creation in 2012, almost exclusively reissues and remasters driven by its technology KEX, allowing retro games to be modernized without distorting them. The team is currently working on its biggest project, a remake of SystemShock scheduled for May 30.
Wade Rosen, CEO of Atari, commented: “Night Dive’s proven expertise and successful track record in bringing retro IP to market is a perfect fit with Atari’s strategy and I am confident that the combination of their talents , their technology and the IP portfolio will contribute to Atari’s future success. »
Stephen Kick and Larry Kuperman, executives of Night Dive, commented: “Night Dive and Atari have a long history in common and we know that Atari shares our passion for retro games as well as our desire to produce new remastered games, great quality, which does justice to the original IP. We couldn’t imagine a better long-term partner than Atari to support us in growing our business and expanding our capabilities. »
Thanks to this acquisition, Atari “will enrich its large portfolio of intellectual property rights, and will use Nightdive’s publishing capabilities and technology as part of its growth strategy focused on retro games”, but that should not prevent the studio from working on projects unrelated to the publisher’s catalog. The finalization of the buyout will be recorded in April for an initial amount of $10 million, with a bonus of up to an additional $10 million based on the entity’s performance over the next three years. Atari took the opportunity to issue convertible bonds for an amount of 30 million euros through a public offer in France with a priority period, open to all shareholders, in order to strengthen its assets.
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