Chinese Company Buying Star Trek Online Developer Cryptic For $50M [UPDATED]

Two weeks ago Atari announced they were going to sell Star Trek Online developer Cryptic, and now they have found a buyer. Today it has been reported that Chinese gaming giant Perfect World will be be buying Cryptic for $50.3 million. Details below.

 

Cryptic Sold To Chinese Game Developer Perfect World

Today Chinese online game developer Perfect World Co. Ltd. announced that it is buying Cryptic Studios Inc. from Atari SA for about 35 million euros ($50.3 million). In late 2008 Atari paid $27 million for the Cryptic, who currently are running two MMOPRGs: Champions Online and Star Trek Online. Two weeks ago Atari announced that Cryptic was running at a loss and they intended to sell.

 Perfect World Chairman and CEO Michael Chi said in a statement:

We are very pleased to sign the agreement to acquire Cryptic Studios. 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.

No word yet on what effect (if any) the sale will have on the future of Star Trek Online. We will update this developing story as soon as new details are available.

UPDATE: Brief comment from Cryptic

Cryptic has not sent out an official release, and have pointed to the release from Perfect World and Atari. However a spokesperson from Cryptic sent the following reassurance via email:

We’re still 100% committed to supporting our titles and for us, day-to-day, things are pretty much business as usual.

TrekMovie will continue to monitor this ongoing story.

 

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