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Perfect World Buys Cryptic Studios For $50 Million

Two weeks after Atari announced it was looking to sell off Cryptic Studios, the French publisher has found a buyer. Chinese online game publisher Perfect World today announced it has entered into an agreement to purchase the Los Gatos, California-based developer for Ä35 million ($50.38 million) in cash. The deal is expected to close soon. "This strategic acquisition will add attractive game titles to our portfolio, which will help us further penetrate into the US and global online game markets," said Michael Chi, chairman and chief executive officer of Perfect World. "More importantly, Cryptic Studios' highly reputable development team and its technology platform will further strengthen our well-established R&D capabilities." Founded in 2000, Cryptic is the developer of such massively multiplayer online role-playing games as City of Heroes (now owned by NCsoft), Star Trek Online, Champions Online, and the canceled Marvel Universe Online. In December 2008, the company was bought by Atari for as much as $75 million as part of the publisher's efforts to shift its focus to online games.

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Submitted: 1447 days ago
Submitted by: LordXenophon
Category: Off Topic
Tagged as hot: 1447 days ago

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From: acompanhantescuritiba on 25-Sep-2011 at 10:35am

ours will be worth all this?