It took Atari less than three years to decide it didn't want to hold onto City of Heroes developer Cryptic Studios, but Perfect World, a company well versed in MMOs, has swept in to pick up the pieces.
Perfect World isn't as well known as, say, Blizzard Entertainment, but the company has a sizable presence in the free-to-play market, which has seen more success in Asia than over here.
It's unclear what, if any, impact the sale will have on Cryptic's development slate, which includes a Neverwinter Nights project with Atari. The press release says Cryptic is currently working on that game and "unannounced projects and is rapidly diversifying its portfolio of games to reach beyond the traditional MMORPG genre."
I've reached out to the developer for some clarity.