Atari to Acquire Night Dive Studios and Issue €30M Convertible Bonds.

Atari has announced its acquisition of Night Dive Studios, a game development and publishing company based in Vancouver, Washington, USA, for an initial consideration of $10 million, half in cash and half in Atari shares. The acquisition is expected to be completed in April 2023. In addition, Atari intends to proceed with a €30 million bond issue convertible into new shares of Atari to meet its capital needs in the context of the implementation of its new growth strategy and refinancing of its debt.