Perfect World to Acquire Cryptic Studios from Atari

May 31, 2011 -

China-based MMO giant Perfect World has entered into an agreement with Atari S.A. to acquire a hundred percent equity interest in Cryptic Studios, the developers of Champions Online, Star Trek Online, and City of Heroes. The California-based online game developer will cost Perfect World approximately EUR 35.0 million in cash, or $49.8 million. The deal is subject to working capital, adjustments as provided in the agreement, and other customary closing conditions. It is assumed that Perfect World does not gain control of the MMO's that Cryptic currently facilitates such as Champions Online or Star Trek Online.

While Cryptic Studios certainly gives Perfect World a strong foundation to build up its presence in the West, the company is no stranger to the North American and European MMO markets. While it has brought a number of its popular games from China to Western countries, Perfect World is best known for publishing Runic Games' popular action RPG's Torchlight and Torchlight for consoles in North America.

"We are very pleased to sign the agreement to acquire Cryptic Studios," commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. "This strategic acquisition will add attractive game titles to our portfolio, which will help us further penetrate into the U.S. and global online game markets. More importantly, Cryptic Studios' highly reputable development team and its technology platform will further strengthen our well-established R&D capabilities. We deem this as another noteworthy achievement of our global expansion efforts."

Atari CEO Jim Wilson added that this move falls in line with the company's plan to work more with third-party developers, and to rely less on in-house studios. The company announced its plans earlier this month to sell Cryptic.

 


 
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Andrew EisenTwilight Princess would be my favorite if it didn't have a few notable design issues. But yeah, those few things aside, it absolutely trumps Ocarina in most every way.05/29/2015 - 4:11pm
WonderkarpTwilight Princess is my favorite Zelda. Its a legit sequal to Ocarina, enhancing everything Ocarina had, and I hope there's a HD Remaster with gamecube controls. Make it Nintendur!05/29/2015 - 4:08pm
E. Zachary KnightI borrowed Wario World, Ocarina of Time and Twilight Princess. So I am going to try to play at least one of them this weekend.05/29/2015 - 3:52pm
MattsworknameIm gonna be splittingmy time between blood borne, the witcher 3, tokiden, and some pc games.05/29/2015 - 3:34pm
DocMelonheadIn fact, if the whole campaign is to make fun of Zoe Quinn, Leigh Alexander, and Brianna Wu, then I'm not going to stop them.05/29/2015 - 2:30pm
Wonderkarp@andrew game parody idea. 50 shapes of grey05/29/2015 - 2:30pm
DocMelonheadBut I highly doubt that they encourage "death threats"; even they know that gone too far.05/29/2015 - 2:29pm
Wonderkarpi mean, i could create a a random twitter, tweet #blacklivesmatter along with terrinle racist death threats to somebody and be and youd claim the tag was a harrasment campaign by that logic. no. its a bigger issue than a random hashtag05/29/2015 - 2:28pm
DocMelonheadIf by Harass as in "Mock and Ridicule", then yes, GamerGate encourage that along with everyone else that made fun of others.05/29/2015 - 2:28pm
Andrew EisenNeed to finish Wonderful 101. Need to start Bayonetta and Pikmin 3. Yep, lots of stuff to play.05/29/2015 - 2:23pm
Andrew EisenKarp - I've been playing through New Super Mario Bros. 2. Also Shapes of Gray and OlliOlli. Really want to go back and finish Xenoblade Chronicles and Last of Us but probably won't have time for a bit.05/29/2015 - 2:22pm
Wonderkarpi never said it was "gamergates massive harrasment campaign". i mean, truth be told, crap was slung at her long before gamergate was a thing.05/29/2015 - 2:21pm
IronPatriotDocMelonHead, do you also acknowledge that the gamergate accusations of bad "ethics in journalism" against them have been proven false? Thus making gamergate's "journalism ethics" claim about them a sham and a fraud?05/29/2015 - 1:53pm
IronPatriotDocMelonhead, you "acknowledge that Wu, Quinn, and Sarkeesian, been harassed way before the creation of the hashtag" but do you acknowledge that gamergate is WRONG to carry out the massive campaign of harassment against them?05/29/2015 - 1:50pm
IronPatriotWonderkarp, it is good to hear you say that gamergate's massive harassment campaign is wrong. That is a long way from when all you would condemn them for is being "misguided and unfocused"05/29/2015 - 1:45pm
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IronPatriotDocMelonhead, I do not think it is fair to blame the fraud of gamergate on conservatives just because some far-right, anti-feminist 4channers used harassment as a tool against women. Plenty of conservatives are just as appalled at gamergate as most people05/29/2015 - 1:30pm
IronPatriotThanks, James, for speaking out against the personal attacks. It will be good to see factual discussion.05/29/2015 - 1:25pm
Matthew Wilsonhttps://twitter.com/austin_walker/status/604278507632386048 giantbomb got a new hire this will be interesting. I never heard of him.05/29/2015 - 1:17pm
Wonderkarpdespite my feelings for Sarkeesians work, nobody deserves the kind of crap hurled at her.05/29/2015 - 12:52pm
 

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