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M&A Deal Summary

Atari Acquires Cryptic Studios

On December 9, 2008, Atari acquired digital media company Cryptic Studios

Acquisition Highlights
  • This is Atari’s 1st transaction in the Digital Media sector.
  • This is Atari’s 1st transaction in the United States.
  • This is Atari’s 1st transaction in California.
Investment Fate
  • Cryptic Studios was divested to a consortium of strategic buyers in 2011 for 35M USD.

M&A Deal Summary
Date 2008-12-09
Target Cryptic Studios
Sector Digital Media
Buyer(s) Atari
Deal Type Add-on Acquisition

Target

Cryptic Studios

Los Gatos, California, United States
Cryptic Studios, Inc. is a developer of massively-multiplayer online role playing games, with a reputation for delivering profitable, on-time, on-budget titles. Cryptic Studios developed the innovative and successful City of Heroes, as well as its subsequent expansion, City of Villains. Both titles garnered numerous awards from leading enthusiast press including GameSpy's Game of the Year award in 2004.

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Buyer(S) 1

Buyer

Atari

Paris, France
Category Company
Founded 1972
Sector Digital Media
Employees90
Revenue 34M EUR (2025)
DESCRIPTION

Atari is a multi-platform, global interactive entertainment and licensing company. The original innovator of video gaming owns and/or manages a portfolio of more than 200 games and franchises, including world-renowned brands like Asteroids, Centipede, Missile Command, Pong, Test Drive, Backyard Sports, and RollerCoaster Tycoon. Atari was founded in 1972 and is based in Paris, France.

DEAL STATS #
Overall 1 of 5
Sector: Digital Media M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 3
State: California M&A 1 of 2
Country: United States M&A 1 of 4
Year: 2008 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 Cryptic Studios

Los Gatos, California, United States

Cryptic Studios, Inc. is a developer of massively-multiplayer online role playing games, with a reputation for delivering profitable, on-time, on-budget titles. Cryptic Studios developed the innovative and successful City of Heroes, as well as its subsequent expansion, City of Villains. Both titles garnered numerous awards from leading enthusiast press including GameSpy's Game of the Year award in 2004.

Sell $35M
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