Perfect World Acquires MMO Dev Cryptic Studios

by Mike Bendel May 31, 2011 @ 6:37 pm


MMO juggernaut Perfect World is expanding once more, having announced today that it has acquired Cryptic Studios, commanding a 100% equity interest in the company. The studio was previously owned by Atari, best known for its work on properties like Star Trek Online and Champions Online.

“With the acquisition by Perfect World, Cryptic has found a strong platform for continued expansion into free to play business model and growth in the global marketplace,” said Atari COE Jim Wilson. “The divestiture of Cryptic is in line with Atari’s continued focus on key owned and third-party strategic franchises and expansion into emerging game platforms.”

Follow this author on .