Perfect World and Shanda Games, two notable companies in the burgeoning Chinese online games market, are in the midst of a buyout worth tens of millions of dollars.
April 21, 2014
Newsbrief: Perfect World, a China-headquartered online game developer and operator, has joined a group of buyers to purchase about $100 million in shares in competing Chinese online game company Shanda Games, a subsidiary of major Chinese online company Shanda Interactive. While it develops and operates games in China, Perfect World is also the owner of U.S.-based developers Cryptic Studios (Champions Online) and Runic Games (Torchlight). Shanda is a major distributor of online games in China, with a portfolio including AION, MapleStory and The World of Legend. The share acquisition is still subject to closing conditions, but is expected to complete in 30 days.
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