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.
Atari additionally noted there will be an earn-out of up to $10m, payable in cash over the next three years based on the future performance of Nightdive.
On this acquisition, Atari chairman Wade Rosen commented: “Nightdive’s proven expertise and successful track record in commercialising retro IP is well-aligned with Atari’s strategy and I am confident that their combined talent, technology and IP portfolio will contribute to Atari’s future success.”