Atari Has Entered An Agreement To Acquire Nightdive Studios

Atari has announced plans to acquire Nightdive Studios, the developer of the upcoming System Shock remake. The studio has built itself a reputation for strong retro remakes, with its other releases including the Doom 64 and Quake re-releases.

Nightdive CEO Stephen Kick shared the news on his Twitter, saying he is “very proud [to join] forces with Atari to continue resurrecting the games we love.” The Nightdive account also shared the announcement, calling the acquisition a “big win” for the studio.

This is a big win for our team! As we look to continue producing high-quality, new, and remastered games that do justice to the original IP; we could think of no better long-term partner than @atari https://t.co/icK4zbQBe2

— Nightdive Studios (@NightdiveStudio) March 23, 2023

Yahoo Finance reports that the purchase price will consist of “an initial consideration of US$10 million,” along with “an earn-out of up to US$10 million, payable in cash over the next three years based on the future performance of Night Dive.” Atari’s CEO and chairman Wade Rosen already owned a minority stake of 13% in Nightdive Studios.

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