Atari Announces $2 Million Investment in Hello Neighbor Publisher tinyBuild

Atari has introduced that it has made a fairly main funding in Good day Neighbor and Potion Craft writer tinyBuild.

Per a press launch, Atari is investing $2 million into tinyBuild as a part of the latter’s “introduced capital enhance”, which sees the writer issuing new widespread shares to attempt to elevate $14 million in capital.

In keeping with Atari CEO Wade Rosen, his firm’s funding in tinyBuild is “according to Atari’s long-term strategy” because of the writer’s “{industry} main video games and…expansive fan base”.

The player and their "tinykin" talking to a stall owner in Tinykin, a tinyBuild game — tinyBuild’s in depth slate of video games contains titles just like the quirky 3D platformer *Tinykin*.

For his half, in the meantime, tinyBuild CEO Alex Nichiporchik says Atari is a “timeless model” and that its funding “validates the present strategic plan for tinyBuild”.

The funding signifies that Atari will maintain round 7.5% of tinyBuild’s complete share capital, pending approval of the deal (and the capital enhance typically) by tinyBuild shareholders.

This information follows a spherical of layoffs at tinyBuild, which was introduced earlier this month following buying and selling in This autumn 2023 coming in “beneath expectations” for the studio.

Mr. Peterson swinging a shovel at the player in the tinyBuild game Hello Neighbor 2 — You may know tinyBuild greatest from the *Good day Neighbor* sequence.

Regardless of experiencing a considerably tough yr in 2022, Atari’s fortunes have been, on the very least, wholesome sufficient to amass 12 traditional arcade properties earlier this yr, together with influential Evil Otto origin story Berzerk.

The studio additionally bought retro specialist studio Digital Eclipse, maybe greatest identified for its work on Teenage Mutant Ninja Turtles: The Cowabunga Assortment, again in October.

It is price noting that this funding completely doesn’t represent an acquisition, as Atari’s eventual 7.5% stake in tinyBuild ought to display.

As such, we’re unlikely to see a large course shift because of this deal. Nevertheless, it will be attention-grabbing to see what Atari’s new funding yields in future, in addition to what tinyBuild’s plans for the following few years entail.

Keep tuned for extra information on all issues Atari and tinyBuild, in addition to all different gaming industry-related goings-on.

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