Atari Acquires Cryptic [Dec 09, 2008, 10:02 am ET] – 7 Comments
Atari acquires Cryptic Studio announces that Atari's holiday shopping spree
includes the purchase of Cryptic Studios, developers of current superhero MMORPG
City of Heroes and three upcoming projects: Champions Online,
Star Trek Online, and an unannounced project. The deal also means some of
Cryptic's technology make its way into other Atari titles and the Atari.com
portal. As for finances, the deal is described as performance-linked, involving
almost $27 million USD in cash and up to another $20 million in potential
bonuses payable in August 2010 and May 2011 said to be based on whether
Champions Online and Star Trek outperform undisclosed targets.
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