Thunderful Group shareholders have approved a deal that sees Atari becoming the majority shareholder of the Swedish company.
On July 29, 2025, Atari announced it had entered a subscription agreement with Thunderful Group, agreeing to acquire approximately 82% of the game company’s shares for SEK 50 million (approximately $5.3 million) – before deducting related costs.
However, this agreement was subject to approval by Thunderful’s shareholders.
On August 28, 2025, Thunderful Group held an extraordinary general meeting, in which shareholders approved the agreement.
The deal sees Atari buying 333,333,334 Thunderful Group shares at SEK 0.15 each (roughly $0.02), with any amount exceeding the share’s quota value to be allocated to the non-restricted share premium reserve.
The share acquisition agreement must be signed by August 28, 2025, with the payment for the shares to be issued within three banking days in cash.
The signing of the deal makes Atari a majority shareholder of the Thunderful Group, which 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.
Atari also recently acquired the IP rights to five Ubisoft titles: Cold Fear, I Am Alive, Child of Eden, Grow Home, and its sequel, Grow Up.
The company said it plans to re-release the games and explore opportunities to expand the titles’ reach through new platforms through”updated formats, new content, and extended distribution channels.”