Atari - May Buy MobyGames

Redglyph

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@shamroxor; spotted that Atari announced an investment giving them the option to purchase the assets of MobyGames. Thanks!

Atari Announces Strategic Transactions

November 23, 2021 12:00 ET | Source: ATARI

Paris, France, November 23, 2021 at 6:00pm CET - Atari SA and its subsidiaries (the "Atari Group"), one of the world's most iconic consumer brands and interactive entertainment producers, today announced an up to US$3.5 Million strategic investment in Antstream Limited and a related option to purchase the assets of Mobygames, Limited, including the Mobygames website and database. The investment in Antstream Limited was made pursuant to a convertible loan agreement that can be converted into equity of Antstream Limited in a future financing, with an initial investment of US$500,000. The option to purchase the assets of Mobygames is at a purchase price of US$1.5 Million and may be concluded by the end of March, 2022.

In addition, Atari has completed the sale of certain non-fungible token parcels of land in The Sandbox to a third party. Atari received a cash payment of US$4,284,000.

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More information.
 
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JDR13

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In addition, Atari has completed the sale of certain non-fungible token parcels of land in The Sandbox to a third party. Atari received a cash payment of US$4,284,000.

4 Million for virtual land. Welcome to the Metaverse.
 
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Carnifex

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That virtual land sale sounds like someone took the premise of Shroud of the Avatar to an obscene level. People truly will buy anything, I suppose. I am curious as to what Atari will do with the items of this purchase, time will tell.
 
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JDR13

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Atari was the seller not the purchaser.

Unless you're referring to Antstream and MobyGames in which case they'll probably just stamp their name on the sites.
 
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Jaguar

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Mobygames is super useful for researching old games, and they're obviously a ton of old RPGs. It would be unfortunate if it is sold to Atari in my view. Then again, good on the developers of that website for making some money if that's how it works out.
 
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Moorkh

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hmm... This sounds more akin to Facebook buying Wikipedia. Bad news for the internet.
 
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Couchpotato

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How is this company still relevant? As after the bankruptcy they lost almost everything.
 
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rjshae

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This is the first I've heard about Atari in a long time.
 
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