Atari enters into an agreement to acquire Night Dive
, announcing it will be
the new owner of the studio that's actually named (one word)
Frans). Nightdive has famously created updated versions of classic games, and is
currently putting the finishing touches on a highly anticipated remake of
that's expected in
. The deal is expected to be completed next month. Here's word on the
terms: "The purchase price of Night Dive will consist of (i) an initial
consideration of US$10 million payable half in cash and half in Atari shares at
the closing of the acquisition (see below) plus (ii) 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." Here's more:
Led by industry veterans Stephen
Kick and Larry Kuperman, Night Dive is a full service development and publishing
company with expertise in restoring, optimizing, and publishing classic video
games. Night Dive has published over 100 titles and has garnered critical
acclaim for their releases of seminal industry and fan-favorite titles including
System Shock, Doom 64, and Quake.
Night Dive’s most recent project is a remastered version of classic FPS game
System Shock, which is one of the most-anticipated retro releases of 2023.
System Shock is now available for pre-order on Steam, GOG and Epic Games.
A key to the success of Night Dive is their proprietary KEX engine that makes
classic games playable on modern hardware and gives the studio the ability to
enhance and improve upon the original to meet the expectations of contemporary
players. The studio’s reputation and deep industry knowledge have made them a
go-to partner for some of the largest names in gaming and media and allowed them
to develop a diversified portfolio of titles.