Atari has announced an agreement to acquire Digital Eclipse. The studio is known for its expertise in digitally restoring and preserving retro titles such as Atari 50: The Anniversary Celebration.
According to a press release, Atari aims to expand its internal development and further support its retro-focused growth strategy (citing its acquisition of Night Dive Studios earlier this year as an example) by leveraging Digital Eclipse’s proprietary tech and experience. Atari states that Digital Eclipse benefits by gaining access to “world-class IP” to grow its business and development capabilities further.
Atari is spending $6.5 million on the acquisition ($4 million in cash, $2.5 million in newly issued Atari shares), with a remaining earn-out of up to $13.5 million in cash over the next 10 years based on the studio’s future performance. The purchase is set to be completed in the next few days.
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