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%)
Location
Washington, United States
Transaction Type
Buyout

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