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Perfect World completes Cryptic buyout

News by Johnny Cullen Contributor
Published on

Perfect World has completed its acquisition of Champions Online developer Cryptic Studios. The Chinese company has apparently spent $49.8 million on the buyout after Atari announced earlier this year it was to divest from the studio. Atari says it will use to decrease debits among other things. Perfect World also has a majority stake in Torchlight studio Runic Games from May this year.

Thanks, Gamasutra.

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Atari Cryptic Studios MMO perfect world
About the Author

Johnny Cullen

Contributor

Johnny has experience at a wide range of games media outlets, having written for Eurogamer, Play Magazine, PC Gamer, GameDaily, and more. He worked at VG247 pumping out news at an astonishing rate for several years. More recently, he founded the games website PlayDiaries.
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