Forgot password
Enter the email address you used when you joined and we'll send you instructions to reset your password.
If you used Apple or Google to create your account, this process will create a password for your existing account.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Reset password instructions sent. If you have an account with us, you will receive an email within a few minutes.
Something went wrong. Try again or contact support if the problem persists.
Category:
News

Cryptic Studios bought by Perfect World for $50 million

Image of Paul Younger
Paul Younger
|

Published: May 31, 2011 09:07 pm

This article is over 13 years old and may contain outdated information

Chinese MMO giant Perfect World has purchased Cryptic Studios (Star Trek Online, Champions Online) from Atari for a reported $50 million USD.
Atari’s desire to sell the studio in order to alleviate debts was revealed during the company’s financial reports for 2010-2011, a year in which the business lost $7.5 million. As a result of the purchase, Cryptic’s MMO titles such as Star Trek Online would appear to be safe and should continue as before.
Perfect World have been opening the wallet quite a bit recently, having also secured a majority stake in Torchlight developers Runic Games earlier this month.
Chairman and CEO of Perfect World, Michael Chi, had some innuendo-laden words about the deal, stating: “This strategic acquisition will …. help us further penetrate into the U.S. and global online game markets.”
Source: Forbes
Image taken from Champions Online.

Recommended Videos
PC Invasion is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more about our Affiliate Policy
related content
Author
Image of Paul Younger
Paul Younger
Founder and Editor of PC Invasion. Founder of the world's first gaming cafe and Veteran PC gamer of over 22 years.