Atari Acquires Night Dive Studios
March 22, 2023
Atari entered into an agreement to acquire 100% of Night Dive Studios Inc., a Vancouver, Washington-based game development and publishing studio, for an initial consideration of US$10 million (half cash, half Atari shares) plus an earn-out of up to US$10 million. Atari also announced plans to issue €30 million in convertible bonds to support the acquisition, refinance debt and fund growth initiatives, while Irata LLC agreed to provide bridge financing for the initial consideration.
- Buyers
- Atari
- Targets
- Night Dive Studios Inc.
- Sellers
- Founders of Night Dive Studios (holders of ~87% of the shares), Wade Rosen (minority shareholder, ~13%)
- Industry
- Media & Entertainment
- Location
- Washington, United States
- Transaction Type
- Buyout
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