Atari Completes Acquisition of Nightdive Studios and All Its Games
Last March we revealed here that Atari had announced the acquisition of Nightdive Studios, for an amount of around 23 million. Today’s news is that this deal has already passed all the legal procedures, and has now been concluded.
In detail, the purchase price for Nightdive Studios consists of an initial consideration of $9.5 million paid in cash, for $4.5 million of new Atari stock for $5 million.
In turn, Nightdive Studios buys back the rights to old games that are no longer on the market, updates them to make them compatible with modern platforms, and offers them for sale on platforms like Steam. For those who don’t know, he is the author of some remasters, such as System Shock, Quake and Doom 64. With the studio’s portfolio, Atari will enrich its catalog that includes more than 200 games.
Nightdive Studios in the hands of Atari
“Our shared passion for conservation and innovation in retro gaming makes Atari the perfect partner, and our team is excited to take this next step,” said Nightdive CEO Stephen Kick. “Atari’s support will allow us to develop our activity and expand our field of action” .
“Nightdive has an exceptionally talented team that has earned its reputation as a leader in retro gaming,” said Wade Rosen, CEO of Atari. “Like all of its fans, I am looking forward to upcoming game releases and am confident that we will help make Nightdive a success.”
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