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.
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.
You May Enjoy
Going Free-To-Play Has Worked Out Well For PUBG: Battlegrounds Adding 80K Players A Day
Krafton reports a steady influx of over 80k new players a day.By QuintLyn Bowers - 1 day ago
Responding To Sony's CoD Speculations, Microsoft Says Restricting Activision Blizzard Games To Xbox Would "Not Be Profitable"
In fact, Microsoft's strategy is to not "remove content from players."By Anthony Jones - 5 days ago
Apex Legends: Hunted Battle Pass Launches Today With New Legendary Skins
Earn new themed rewards like Legendary skins for Caustic and Wraith.By Aspen Pash - 1 week ago
Vantage's Story Is A Sad One And The Latest Apex Legends Trailer Shows Exactly What The New Legend Is After
The new Sniper variant will be added in the Hunted update.By QuintLyn Bowers - 1 week ago
ARC Raiders, Embark Studios' F2P Co-Op Shooter, Has Been Delayed Until 2023
The game was supposed to release some time this year.By QuintLyn Bowers - 1 week ago
Elvenar Opens a Gateway to The Past With Their New Board Game Styled Event
The event will end on August 24.By Aspen Pash - 1 week ago