GamesBeat

Atari sells Star Trek Online maker Cryptic Studios to Perfect World

Atari has sold off Cryptic Studios, the maker of online games such as Star Trek Online, to China’s Perfect World. Perfect World is paying 35 million euros, or $49.8 million in cash.

The deal is another sign of the times: cash and stock-rich Chinese online game companies are flexing their muscles on the world stage of the video game market. Beijing-based Perfect World operates a number of its own massively multiplayer online games. The deal is subject to closing conditions.

Michael Chi, chairman and chief executive of Perfect World, said the strategic acquisition will add attractive game titles to the company’s portfolio and help further penetrate into the U.S. and global online game markets. He said he had a lot of respect for the development team and technology platform that Los Gatos, Calif.-based Cryptic has developed over the years.

We’ll be exploring the most disruptive game technologies and business models at our third annual GamesBeat 2011 conference, on July 12-13 at the Palace Hotel in San Francisco. It will focus on the disruptive trends in the mobile games market. GamesBeat is co-located with our MobileBeat 2011 conference this year. To register, click on this link. Sponsors can message us at sponsors@venturebeat.com. To participate in our Who’s Got Game? contest for the best game startup, click on this link.


Screen Shot 2014-03-25 at 2.00.11 PMGamesBeat 2014 — VentureBeat’s sixth annual event on disruption in the video game market — is coming up on Sept 15-16 in San Francisco. Purchase one of the first 50 tickets and save $400!

Trackbacks

  1. [...] another Chinese maker of online games, for more than $100 million. And China’s Perfect World bought Cryptic Studios from Atari for $49.8 [...]

  2. [...] for Cryptic Studios, the maker of online games including Star Trek Online and Champions Online. VENTUREBEAT | PRESS [...]

  3. [...] China’s Perfect World bought Atari’s Cryptic Studios for $49.8 million. May 30. The deal showed that Chinese companies [...]

GamesBeat is your source for gaming news and reviews. But it's also home to the best articles from gamers, developers, and other folks outside of the traditional press. Register or log in to join our community of writers. You can even make a few bucks publishing stories here! Learn more.

You are now an esteemed member of the GamesBeat community. That means you can comment on stories or post your own to GB Unfiltered (look for the "New Post" link by mousing over your name in the red bar up top). But first, why don't you fill out your via your ?

About GamesBeat