Atari has continued its mergers and acquisitions strategy by entering an agreement to acquire approximately 82 percent of Thunderful’s outstanding shares and voting rights. The brand synonymous with gaming for decades has acquired several companies in recent years, including Intellivision and Infogrames in 2024 alone. Thunderful Group is known for publishing and developing numerous titles, including the SteamWorld franchise and, more recently, Islanders and Lost in Random. The company owns over 20 IPs, adding to Atari’s growing portfolio.
Under the agreement’s terms, Atari will become the owner of 333,333,334 new ordinary shares at SEK 0.15 each, for a total of SEK 50 million. The acquisition still needs to be approved by Thunderful’s shareholders at a meeting that will be held on or about August 28, 2025. However, purchase has received unanimous support from Thunderful’s Board of Directors and its two largest existing shareholders, Owe Bergsten and Brjann Sigurgeirsson. Currently, the pair owns 29.9 percent of Thunderful’s share capital and voting rights.
If approved, the acquisition will be financed either with Atari’s own resources or via a new loan agreement with IRATA LLC.
