Chinese Game Developer Perfect World Buys Japan’s C&C Media For $21 Million


Beijing-based online game developer Perfect World has bought Japanese rival C&C Media from Atlus Co. for $21 million. While the Chinese online games industry is still growing rapidly, the purchase allows Perfect World (NSDQ: PWRD) to expand into the more established Japanese market. Perfect World develops MMORPGs, and though most of its revenue is generated in China, its licensing agreements extend through Asia and into Europe and South America. The purchase of C&C is Perfect World’s second acquisition in less than two years. In Dec. ’08, it acquired InterServ Caymans, the Caribbean arm of Taiwan-based game tech company InterServ International for about $23 million. Release

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