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Perfect World Acquires Cryptic Studios from Atari

PR Newswire Asia, 5/31/11

Chinese online game developer and operator Perfect World (Nasdaq: PWRD) today announced that it has acquired a 100% equity interest in Cryptic Studios, a California-based online game developer, from global game developer and publisher Atari.

Under the stock purchase agreement, Perfect World will pay an aggregate purchase price of approximately EUR 35.0 mln in cash, subject to working capital and other adjustments as provided in the agreement.

Cryptic Studios previously developed MMORPGs City of Heroes, Champions Online, and Star Trek Online. In addition to supporting Champions Online and Star Trek Online with new updates and content, Cryptic is now developing Neverwinter Nights and other unannounced projects.

Keywords: M&A Atari Cryptic Studios Perfect World Internet PWRD online gaming

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