By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Online Tech Guru
  • News
  • PC/Windows
  • Mobile
  • Apps
  • Gadgets
  • More
    • Gaming
    • Accessories
    • Editor’s Choice
    • Press Release
Reading: Atari agrees to acquire Thunderful Group in $5.2 million deal
Best Deal
Font ResizerAa
Online Tech GuruOnline Tech Guru
  • News
  • Mobile
  • PC/Windows
  • Gaming
  • Apps
  • Gadgets
  • Accessories
Search
  • News
  • PC/Windows
  • Mobile
  • Apps
  • Gadgets
  • More
    • Gaming
    • Accessories
    • Editor’s Choice
    • Press Release

Battlefield 6 Feels Like a Safe, Explosive Return to the Shooter’s Past

News Room News Room 31 July 2025
FacebookLike
InstagramFollow
YoutubeSubscribe
TiktokFollow
  • Subscribe
  • Privacy Policy
  • Contact
  • Terms of Use
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Online Tech Guru > Gaming > Atari agrees to acquire Thunderful Group in $5.2 million deal
Gaming

Atari agrees to acquire Thunderful Group in $5.2 million deal

News Room
Last updated: 31 July 2025 03:44
By News Room 2 Min Read
Share
SHARE

Atari has entered a subscription agreement with Thunderful Group, agreeing to acquire approximately 82% of the Swedish game company’s shares for SEK 50 million (roughly $5.2 million).

Atari announced the agreement in a press release (via Global News Wire) on July 29, with Wade Rosen, chairman and CEO of Atari, SA, calling the transaction “another important milestone in Atari’s development.”

The subscription agreement is subject to approval by Thunderful’s shareholders, who will vote at an “extraordinary general meeting” to be held “on or about” August 28, 2025.

Should the agreement be approved, Atari will become the majority shareholder of the Thunderful Group, which currently owns development studios Coatsink, Early Morning Studio, Studio Fizbin, Thunderful Development, and To The Sky, as well as publishers Rising Star Games and Thunderful Publishing.

The investment couldn’t come at a better time for the Swedish company, which saw net revenue drop 14.5% YoY in Q2 2024 and which underwent two restructuring programmes the same year.

The company also sold off several of its subsidiaries last year, including Headup Games, all its distribution businesses, and Nordic Game Supply.

According to the press release, the agreement has received “unanimous support” from Thunderful’s Board of Directors and two of the company’s existing largest shareholders (who own 29.9% between them), Bergsala founder Owe Bergsten and the company’s co-founder and former Thunderful Group CEO Brjann Sigurgeirsson.

Sigurgeirsson stepped down from his position as CEO in 2022, following the company posting a net loss of SEK 20.7 million ($2 million) for the first half of the year, and moved into a franchise director role with a focus on SteamWorld, before quietly departing the company in 2024.

Share This Article
Facebook Twitter Copy Link
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Aaron Sorkin’s Social Network sequel might recast Mark Zuckerberg

News Room News Room 31 July 2025
FacebookLike
InstagramFollow
YoutubeSubscribe
TiktokFollow

Trending

IWGB Game Workers union condemns its exclusion from the UK Video Games Council

The Game Workers branch of the Independent Workers of Great Britain (IWGB) union has issued…

31 July 2025

States Are Moving to Protect Access to Vaccines

With US Health and Human Services Secretary Robert F. Kennedy, Jr. already shaking up federal…

31 July 2025

Epic’s Game Store is bringing Fortnite back to Google Play

Following an appeals court victory on Thursday, Epic CEO Tim Sweeney tweeted that “the Epic…

31 July 2025
News

Still Using Windows 10? Here’s How to Get Another Year of Updates for Free

Of these, the Backup app is the most painless; it backs up some saved credentials, some Windows settings, and some Windows apps to your account. It can also back up…

News Room 31 July 2025

Your may also like!

Mobile

Amazon Great Freedom Festival Sale 2025: Best Deals on Samsung Smartphones

News Room 31 July 2025
News

The Grave Long-Term Effects of the Gaza Malnutrition Crisis

News Room 31 July 2025
News

Tesla’s ‘robotaxi’ rides in San Francisco have a human at the wheel

News Room 31 July 2025
Gaming

Once Upon a Katamari Brings First New Katamari Damacy Entry in 14 Years to PC and Consoles This October

News Room 31 July 2025

Our website stores cookies on your computer. They allow us to remember you and help personalize your experience with our site.

Read our privacy policy for more information.

Quick Links

  • Subscribe
  • Privacy Policy
  • Contact
  • Terms of Use
Advertise with us

Socials

Follow US
Welcome Back!

Sign in to your account

Lost your password?