gaming giant Atari reveals a €4.5 million investment in SteamWorld publisher Thunderful, giving them an 82% ownership stake in the company’s stocks.
In this transaction, Atari gains control over five video game development studios and over twenty intellectual properties (IPs). Among these are Lost in Random, ISLANDERS, and the previously mentioned SteamWorld series.
In a press announcement, Atari’s chair and CEO, Wade Rosen, referred to the agreement as a significant step forward in the company’s endeavors to broaden its capacities.
Rosen went on to say: “Thunderful is known for producing and improving highly praised games. With their transformation plan, coupled with the excellence and dedication of Thunderful’s teams, we are optimistic that they will resume a profitable growth trajectory, contributing significantly to the expansion of Atari operations in Europe.
Following the confirmation this morning, Thunderful will restructure its operations to enhance cash flow. Unfortunately, Lost in Random: The Eternal Die didn’t sell as well as anticipated. Thunderful’s chairman, Patrick Svensk, remarked on this: “It’s unfortunate that we need to take additional operational steps which may impact some of our team members.
As a game enthusiast speaking, I wholeheartedly believe we’re on the right track with Thunderful. We’re aiming to construct an effective structure in the publishing industry that ensures our scheduled game releases continue smoothly.
Read More
- Best Controller Settings for ARC Raiders
- DCU Nightwing Contender Addresses Casting Rumors & Reveals His Other Dream DC Role [Exclusive]
- Stephen Colbert Jokes This Could Be Next Job After Late Show Canceled
- Ashes of Creation Rogue Guide for Beginners
- Is XRP ETF the New Stock Market Rockstar? Find Out Why Everyone’s Obsessed!
- 7 Home Alone Moments That Still Make No Sense (And #2 Is a Plot Hole)
- 10 X-Men Batman Could Beat (Ranked By How Hard It’d Be)
- The Night Manager season 2 first look trailer delivers explosive return for Tom Hiddleston’s Jonathan Pine
- DC K.O.: Superman vs Captain Atom #1 Uses a Fight as Character Study (Review)
- Metroid Prime 4: Beyond Gets Rated T by ESRB for Release in North America
2025-07-29 17:16