Perfect World, a Chinese based publisher of online MMORPG’s has announced today that it has acquired the developer Cryptic Studios, the California-based company responsible for games such as Champions Online and Star Trek Online. The developer was previously wholly owned by Atari.
Perfect World has produced many online games, including Chi Bi and Pocketpet Journey West (what do you mean you’ve never played them?) and is also the owner of Seattle-based Runic Games. It is thought this new development is an additional attempt for the company to produce games that are more suited to the western market. Mr. Michael Chi, CEO of Perfect World commented “We are very pleased to sign the agreement to acquire Cryptic Studios, 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.”
Jim Wilson, CEO of Atari commented “The divestiture of Cryptic is in line with Atari’s continued focus on key owned and third-party strategic franchises and expansion into emerging game platforms.” The purchase price for the company was reportedly €35 Million.