Atari SA Acquires Digital Eclipse
October 31, 2023
Atari SA has entered into an agreement to acquire Digital Eclipse, an Emeryville, California-based game development studio specializing in the digital restoration and preservation of classic video games. The purchase consideration includes an initial $6.5 million (US$4.0 million cash and US$2.5 million in newly issued Atari shares) plus an earn-out of up to $13.5 million payable over ten years; Digital Eclipse shareholders will hold approximately 4.6% of Atari following a reserved capital increase. The acquisition is intended to expand Atari's internal development capabilities and advance its retro-focused growth strategy.
- Buyers
- Atari SA
- Targets
- Digital Eclipse
- Industry
- Media & Entertainment
- Location
- California, United States
- Transaction Type
- Buyout
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