Atari has entered into an agreement to acquire 100 percent of Nightdive Studios, the company behind the upcoming System Shock remake.
In a press release, Atari stated the purchase price of Nightdive will consist of an initial consideration of $10m. This will be payable half in cash and half in Atari shares at the closing of the acquisition. As for that closure, the acquisition is expected to be completed sometime in April.
Nightdive's Stephen Kick and Larry Kuperman added:"Nightdive and Atari have a long history together and we know that Atari shares our passion for retro games and our focus on producing high-quality new and remastered games that do justice to the original IP." The press release stated this acquisition will enable Atari to"enrich its large library of owned IP" as well as meaning the company will be"able to leverage Night Dive's proprietary technology, and utilise Nightdive's publishing capabilities to support Atari's retro-focused growth strategy".
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