Perfect World Entertainment has announced that it is acquiring Cryptic Studios, the developer behind Star Trek Online and Champions Online. According to official press statements, the deal went down for a cool €35.0 million in cash money. The press release does state that Cryptic will continue to support both of its online titles although it is still unclear what will happen, if anything, to City of Heroes.
“We are very pleased to sign the agreement to acquire Cryptic Studios,” commented Mr. Michael Chi, Chairman and Chief Executive Officer of Perfect World. “This strategic acquisition will add attractive game titles to our portfolio, which will help us further penetrate into the U.S. and global online game markets. More importantly, Cryptic Studios’ highly reputable development team and its technology platform will further strengthen our well-established R&D capabilities. We deem this as another noteworthy achievement of our global expansion efforts.”
