Perfect World Entertainment Buys Cryptic Studios


Talk about the pitcher beating the runner with his own baseball bat. Following the announcement this month that Atari was divesting itself of Cryptic Studios and selling off the developer, Gamut News is reporting that Perfect World Entertainment has purchased 100% of the minds behind Champions Online and Star Trek Online.

Under the stock purchase agreement, Perfect World will pay an aggregate purchase price of approximately EUR35.0 million in cash, subject to working capital and other adjustments as provided in the agreement. The consummation of the transactions contemplated in the agreement is subject to satisfaction of closing conditions.

Perfect World Entertainment has been making quite an effort to break into the American/European markets, and this acquisition looks to be their golden ticket. The big question on a lot of minds is whether or not Neverwinter Online is transitioning with Cryptic, or if Atari plans on taking the IP back and licensing it to a different firm. Furthermore, this also raises interest in what Atari’s next quarter will bring financially, with the removal of Cryptic Studios.

Can anyone else say free to play Star Trek Online?