Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
January 18, 2019
arrowPress Releases






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Atari Officially Closes Sale Of  Champions Online  Developer Cryptic Studios

Atari Officially Closes Sale Of Champions Online Developer Cryptic Studios

August 9, 2011 | By Tom Curtis




Today Atari announced that it has officially divested its interest in Champions Online developer Cryptic Studios, and that the developer is now wholly owned by major Chinese MMO company Perfect World.

Atari first revealed it planned to sell the studio in May of this year, and soon after Perfect World acquired a 100 percent equity interest in the studio, agreeing to pay Atari 35 million euros ($49.8 million).

Now that the sale is complete, Atari says it will use 21.6 million euros ($30.7 million) to pay down its debts to the BlueBay credit facility, and the balance will go toward the company's social and mobile initiatives, as well as licensing costs and other higher margin segments.


Related Jobs

Heart Machine
Heart Machine — Los Angeles, California, United States
[01.18.19]

Level Designer
Heart Machine
Heart Machine — Culver City, California, United States
[01.18.19]

Gameplay Engineer
Digital Extremes Ltd.
Digital Extremes Ltd. — London, Ontario, Canada
[01.18.19]

Environment Artist
Wargaming Sydney
Wargaming Sydney — Broadway, New South Wales, Australia
[01.17.19]

Gameplay Programmer, C++ - Vehicle Physics









Loading Comments

loader image