M&A Deal Summary

Perfect World Acquires Cryptic Studios

On May 31, 2011, Perfect World acquired digital media company Cryptic Studios from Atari for 35M USD

Acquisition Highlights
  • This is Perfect World’s 1st transaction in the Digital Media sector.
  • This is Perfect World’s largest (disclosed) transaction.
  • This is Perfect World’s 1st transaction in the United States.
  • This is Perfect World’s 1st transaction in California.

M&A Deal Summary
Date 2011-05-31
Target Cryptic Studios
Sector Digital Media
Buyer(s) Perfect World
Sellers(s) Atari
Deal Type Divestiture
Deal Value 35M USD

Target

Cryptic Studios

Los Gatos, California, United States
Cryptic Studios, Inc. is a developer of massively-multiplayer online role playing games, with a reputation for delivering profitable, on-time, on-budget titles. Cryptic Studios developed the innovative and successful City of Heroes, as well as its subsequent expansion, City of Villains. Both titles garnered numerous awards from leading enthusiast press including GameSpy's Game of the Year award in 2004.

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Buyer(S) 1

Buyer

Perfect World

Beijing, China
Category Company
Founded 1999
Sector Digital Media
Employees5,754
Revenue 7.8B CNY (2023)
DESCRIPTION
Perfect World's office in Redwood City, California.
Perfect World's office in Redwood City, California.

Perfect World is a producer of mobile games. The Company primarily develops online games based on proprietary game engines and game development platforms. Perfect World's technology and creative game design capabilities, combined with extensive knowledge and experiences in the online game market, enable the Company to frequently and promptly introduce popular games designed to cater changing customer preferences and market trends. Perfect World was founded in 1999 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Atari

Paris, France
Category Company
Founded 1972
Sector Digital Media
Revenue 21M EUR (2024)
DESCRIPTION

Atari is a multi-platform, global interactive entertainment and licensing company. The original innovator of video gaming, owns and/or manages a portfolio of more than 200 games and franchises, including world renowned brands like Asteroids, Centipede, Missile Command, Pong, Test Drive, Backyard Sports and RollerCoaster Tycoon. Atari was founded in 1972 and is based in Paris, France.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-09 Cryptic Studios

Los Gatos, California, United States

Cryptic Studios, Inc. is a developer of massively-multiplayer online role playing games, with a reputation for delivering profitable, on-time, on-budget titles. Cryptic Studios developed the innovative and successful City of Heroes, as well as its subsequent expansion, City of Villains. Both titles garnered numerous awards from leading enthusiast press including GameSpy's Game of the Year award in 2004.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 MobyGames

The Borough, United Kingdom

MobyGames is a video game database resource for video game information spanning back to the late 1950s and serves as the authoritative source for information about video games and the individuals or organizations behind them. MobyGames is based in The Borough, United Kingdom.

Buy $2M
Mergr

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