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Atari to Acquire 82% of Thunderful Group in SEK 50 Million Deal

Shareholder approval is scheduled for August 28 under an exemption from Swedish mandatory offer rules

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Overview

  • Under the subscription agreement, Atari will issue 333,333,334 new ordinary shares at SEK 0.15 per share to secure control of approximately 82% of Thunderful Group
  • The transaction has unanimous backing from Thunderful’s board and its two largest shareholders, Owe Bergsten and Brjann Sigurgeirsson, who together hold 29.9% of voting rights
  • Financing will draw on Atari’s own resources or a potential loan from IRATA LLC, the holding company of Atari CEO Wade Rosen
  • Thunderful Group has launched a restructuring plan featuring additional workforce reductions, cost-base optimization and a planned CEO transition by December 31, 2025
  • If approved, the acquisition will integrate five European development studios and a portfolio of more than 20 IPs—including SteamWorld and Lost in Random—into Atari’s European growth strategy