Atari, one of the world’s most iconic consumer brands and interactive entertainment producers announced it has entered into a subscription agreement with Thunderful Group AB to participate in a directed share issue of SEK 50.0 million (approximately 4.5 million euros).
Under the terms of the subscription agreement, Atari will become the owner of approximately 82% of the outstanding shares and votes of Thunderful.
The Swedish company specializes in game development, third‑party publishing, and co-development services for PC and console platforms and encompasses a global games publishing business with five game studios with various creative and technological expertise.
Thunderful Group owns a portfolio of over 20 intellectual properties, including SteamWorld, ISLANDERS, Lost in Random, and Vampire’s Fall.
“This Transaction marks another important milestone in Atari’s development with the expansion of its publishing and development capabilities in the European region.
Thunderful is recognized for publishing and developing critically acclaimed games, and with the announced transformation plan, as well as the quality and commitment of Thunderful’s teams, we are confident that Thunderful will be returning to a profitable growth path while helping to further develop Atari operations in Europe.”
Wade Rosen, Chairman and Chief Executive Officer of Atari,
Thunderful Group initiates restructuring
The Board of Directors of Thunderful Group AB has decided to initiate a restructuring of Thunderful’s operations to promptly reduce the cost base to improve operating cash flow.
The restructuring is expected to result in cost reductions, and thereby improved cash flow, estimated at SEK 6-8 million during the second half of 2025 and SEK 40-45 million for the full year 2026.
Thunderful’s publishing business had a challenging second quarter, and the latest game launch, Lost in Random: The Eternal Die, has had weaker sales than expected since its release on June 17, 2025.
