Atari To Aquire System Shock Remake Developer Night Dive Studios
gameinformer.comAtari has announced that it has entered into an agreement to acquire Night Dive Studios, the team behind the upcoming remake of System Shock, for roughly $10 million.
Night Dive Studios is currently led by Stephen Kick and Larry Superman and is both a development studio and a publisher. It has published more than 100 games, and will add its remake of System Shock to that list on May 30 (on PC). Atari says a key to the success of Night Dive Studios is its proprietary KEX engine that makes classic games playable on modern hardware. Considering Atari is a retro company, and one that just acquired 12 classic retro games, it's easy to see what Night Dive Studios can do for it.
«In addition, Atari, SA also announced that it intends to proceed in the near-term with a €30 million bond issue convertible into new shares of Atari in order to meet with its capital needs in the context of the implementation of its new growth strategy and refinancing of its debt,» the press release reads.
Atari says, «The studio's reputation and deep industry knowledge have made them a go-to partner for some of the largest names in gaming and media and allowed them to develop a diversified portfolio of titles.»
It later adds, «With this acquisition, Atari will enrich its large library of owned IP, be able to leverage Night Dive's proprietary technology, and utilize Night Dive's publishing capabilities to support Atari's retro-focused growth strategy.»
Atari chairman and CEO Wade Rosen says, «Night Dive's proven expertise and successful track record in commercializing retro IP is well-aligned with Atari's strategy and I am confident that their combined talent, technology, and IP portfolio will contribute to Atari's future success.»
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