(News Bulletin 247) – The Atari share suffered one of the sharpest falls on the Parisian market on Thursday following the announcement of a convertible bond issue for an amount of 30 million euros.
The transaction aims to meet cash requirements as part of the implementation of the new growth strategy and the refinancing of debt, explains the video game group in a press release.
Atari also announced on Thursday that it has signed an agreement to acquire 100% of Night Dive Studios, an American video game development and publishing company based in Vancouver (Washington).
The company explains that this acquisition will enable it to enrich its portfolio of intellectual property rights and to use Night Dive’s technological capacities as part of its growth strategy targeted at ‘retro’ games.
For the fiscal year ending December 2022, Night Dive – which has released more than 100 titles and plans to launch an updated version of the classic ‘System Shock’ this year – recorded sales of around three million dollars.
The Atari title is currently dropping 6.6% while the Paris market is only down 0.4% on average.
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