Atari Buys City of Heroes Developer Cryptic Studios
Posted: Wed Dec 10, 2008 12:22 am
http://www.shacknews.com/onearticle.x/56275MMORPG developer Cryptic Studios has been acquired by Atari, GamesIndustry.biz is reporting.
Cryptic Studios, which developed City of Heroes and City of Villains for NCSoft, had been known to be developing Champions Online and Star Trek Online, but today's announcement also reveals development of a third project. The untitled game is scheduled for a 2011 release, following Champions Online in 2009 and Star Trek Online in 2010.
Atari is paying $26.7 million right away, with an additional $20 million in stock or cash heading Cryptic's way if revenues of Champions Online and Star Trek Online hit certain targets.