Embracer Group Acquires Torchlight Publisher Perfect World Entertainment In $125 Million Deal

Embracer Group’s buying spree continued this week, as the Swedish company added Perfect World Entertainment to its portfolio. Under the $125 million deal–which was paid to China’s Perfect world through $60 million in cash and $65 million in B shares of Embracer stock–Embracer acquired Perfect World Publishing and Cryptic Studios, two California studios, and a quality assurance and localization office in Amsterdam.

Cryptic Studios was founded in 2000 and established itself as an operator of MMO games such as Neverwinter and Star Trek Online, and will become a part of the Gearbox Software division. As for Perfect World Entertainment, the company will continue to function independently. Founded in 2008, PWE has published video games based on well-known entertainment franchises such as Star Trek and Dungeons & Dragons, and has a product portfolio that also includes the Torchlight series.

“It’s an honor for us to welcome this talented group of individuals into the Gearb…