Atari plans to purchase a majority position in Thunderful Group through a 50 million SEK investment worth approximately 4.5 million euros. The transaction will grant Atari control of 82.6 percent of the Swedish publisher behind the SteamWorld franchise. Shareholders must approve this deal during a meeting scheduled for late August. Thunderful operates popular gaming properties and development studios across multiple markets. The acquisition marks a significant shift from Atari's previous retro-gaming focus.
Thunderful announced simultaneous restructuring efforts to reduce operational expenses and improve cash flow performance. Company leadership determined these changes were necessary after reviewing financial projections and revenue forecasts. The restructuring process will eliminate positions within both development and publishing divisions. Patrick Svensk acknowledged the difficulty of implementing measures that affect employees while maintaining that these steps will create a more efficient organization. The company expects to preserve its announced game release schedule despite the operational changes.
Thunderful announced simultaneous restructuring efforts to reduce operational expenses and improve cash flow performance. Company leadership determined these changes were necessary after reviewing financial projections and revenue forecasts. The restructuring process will eliminate positions within both development and publishing divisions. Patrick Svensk acknowledged the difficulty of implementing measures that affect employees while maintaining that these steps will create a more efficient organization. The company expects to preserve its announced game release schedule despite the operational changes.
