Atari Set to Acquire Night Dive Studio

Atari has announced that it has signed an agreement to acquire Night Dive Studios, a video game development and publishing company, for a purchase price consisting of an initial consideration of $10 million, payable in cash and Atari shares. Atari also announced that it plans to issue €30 million ($33.9 million) worth of convertible bonds in order to meet its capital needs for its growth strategy and debt refinancing. Night Dive’s expertise in restoring, optimizing, and publishing classic video games, and its proprietary KEX engine, which makes classic games playable on modern hardware, will help enrich Atari’s library of owned IP, leverage Night Dive’s proprietary technology, and support Atari’s retro-focused growth strategy.

Source: GamesRadar