 Sigurgeirsson, Lyngeled and Bergsala Holding decided to merge the two studios and created Thunderful as the parent company for them in December 2017.The company is jointly owned by the founding parties, of which Bergsala Holding holds a 50% stake and Sigurgeirsson and Lyngeled each 25%.Sigurgeirsson and Lyngeled became the CEO and chief creative officer (CCO), respectively, of Thunderful, while both remained CEOs of their individual studios.