Perfect World, a leading online game developer and operator based in China, and Atari announced today that they have entered into an agreement where Perfect World would acquire 100% equity interest in Cryptic Studios, the California-based MMO game developer who started the development of City of Heroes & City of Villains, and have also put out the (recently) free-to-play Champions Online, and Star Trek Online.

“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.”

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