Perfect World May Go Private As Founder Submits Bid To Buyout Shares
Perfect World may be making a move toward becoming a private company. As reported by GamesIndustry, the company's founder, Michael Yufeng Chi, has submitted a proposal to acquire all "outstanding shares...not currently owned by him [Chi]." The proposal will be examined by three independent directors and resolved sometime early in the coming year.
What would this mean for Perfect World and its games? That's highly open to speculation, and shouldn't automatically be considered a bad thing (or a good thing). Considering the lackluster quarter PWE had recently, a little bit of restructuring might be in order. Here's hoping it doesn't negatively impact its games or the people who work for them.
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About the Author
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.
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