Perfect World Entertainment has entered into an agreement with Digital Extremes to purchase the majority of the developer's outstanding shares with help from Sumpo Food Holdings. The current non-binding agreement was officially announced on June 30th and is expected to continue while the two purchasing companies conduct due diligence investigations over the affairs of Digital Extremes.
Assuming no issues arise during the investigation and Digital Extremes doesn't opt out, the acquisition will proceed as planned. No word yet on when the acquisition would officially take place, but the press release does state Digital Extremes cannot engage in any other offer opportunities or asset transfers during the agreement for a period of 40 days.
For those wondering why a Chinese chicken product supplier is assisting in the purchase of a video game studio, it's because Sumpo Food Holdings also serves as a holding company, investing in assets to generate additional revenue outside of the poultry industry.
News of the pending purchase has generated a huge response from the Warframe community, who have seemingly come out in droves to voice their concerns in a massive thread found on the game's official forums. Curiously, Warframe developer DERebecca responded in the thread and mentions she was currently awaiting an official comment/info, suggesting that not everyone at DE was prepared for the news either.
In 2011, Perfect World also purchased Cryptic Studios for roughly 50 million after Atari placed the developer up for sale.
What effect do you think the sale to Perfect World will have on Digital Extremes? Let us know.
About the Author
Michael Dunaway has been part of the MMOBomb team for years and has covered practically every major Free-to-Play title since 2009.
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