In some breaking information, the well-known online game firm Atari has formally entered into an settlement to accumulate developer and writer Evening Dive Studios – recognized finest for reviving traditional video games resembling System Shock, Quake and Doom 64 on trendy platforms.
Atari will purchase “100% of Evening Dive Studios” with hopes to “enrich” its personal already massive library of IP with Evening Dive’s proprietary know-how – together with the KEX Engine, which makes older video games playable on new {hardware}.
The announcement was made by way of Yahoo! Finance report, with the acquisition anticipated to be accomplished by April 2023.
The phrases “include an preliminary consideration of US$10 million payable half in money and half in Atari shares on the closing of the acquisition plus an earn-out of as much as US$10 million, payable in money over the following three years based mostly on the long run efficiency of Evening Dive”.
Principals of NightDive Stephen Kick and Larry Kuperman talked about how each corporations share a mutual ardour for retro video games and producing high-quality new & remastered titles, and consider Evening Dive could not have teamed up with a greater long-term companion than Atari.
Atari’s Chairman and CEO Wade Rosen, who already had a 13% minority stake in Evening Dive, mentioned the sport firm had “confirmed experitise” and success in commercialising retro IP, and mentioned it was “well-aligned” with Atari’s “retro-focused progress” technique transferring ahead.
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