Results 1 to 2 of 2
  1. #1
    Join Date
    Aug 2008
    Location
    Osaka, Japan
    Posts
    3,754
    Total Downloaded
    122.49 MB

    Does Perfect World now own Runic Games?

    Perfect World’s First Quarter 2010 Unaudited Financial Results just popped up on my Google alerts, with an unexpected surprise hidden deep within! If you didn’t know, Perfect World is Runic Games’ publisher, and main source of funding for the Torchlight MMO. The unexpected part of the report is below:

    “As a part of our growth strategy, we continuously monitor the market for acquisition opportunities that will generate synergies with our core business. I am excited to announce some recent developments on this front. We recently made a strategic investment to acquire a majority stake in Runic Games, Inc. (“Runic Games”), a top-tier game development studio based in the U.S., to further strengthen our R&D capabilities. By collaborating more closely with Runic’s professional team, we seek to combine their creativity and expertise in game development with our deep understanding of the online game market to create global titles.
    With a further explanation below:

    Investment in Runic Games, Inc.

    In May 2010, the Company acquired a majority stake in Runic Games, a specialized developer of PC-based entertainment software in the U.S., at the consideration of approximately US$8.4 million. Runic Games has a team of experienced developers, including leads on “Diablo,” “Diablo II,” “Diablo II: Lord of Destruction,” “Fate,” “Hellgate: London” and “Mythos.” Runic Games has developed and released a single-player action-RPG “Torchlight,” and is currently developing the MMORPG version of “Torchlight.” This strategic investment will allow the Company to further enhance its strong R&D capabilities, and leverage Runic Games’ creative and professional development team to create global titles through enhanced control and a closer collaboration.
    8.4 million dollars to own the majority of Runic Games? What does this mean for their future? Hopefully we’ll get some clarification in the near future!

    *********


  2. #2
    Join Date
    May 2009
    Posts
    131
    Total Downloaded
    0

    Re: Does Perfect World now own Runic Games?

    Hmmm interesting...

    Also wonder what % that bought them...

    Might be worth a lot to them in the future though...

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •