Corporate/Investment | News

Perfect World Buying Cryptic Studios

Perfect-World-logo-SMAY 31, 2011 • It was announced that leading Chinese online game company Perfect World was buying Cryptic Studios from Atari for an estimated €35 million in cash.  Among its other projects, Cryptic developed the hit MMOG City of Heroes for NCsoft and Star Trek Online for Atari.

Impact: DFC had said that Atari was no longer a large enough company to provide the ongoing support and updates that a major online game requires.  Thus a company like Perfect World, which has roots in Asia and is looking to expand to North America and Europe is a much better fit.  Not only do they have the expertise in online game delivery, they are much better capitalized than Atari.

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