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.
Related Articles
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.
More Stories by Jason WinterDiscussion (11)
Read Next
It's been a fun weekend to kickoff the new year for Sony Online Entertainment (SOE).
You May Enjoy
Mark your calendars Warzone fans.
The Relics of the Gree and Pirate Incursion events return in March.
The devs are currently making improvements based on feedback from the more than 500K games played during Alpha.
Plenty to explore and plenty of balance changes and fixes arrive with the patch, too.
make the game more interesting and more pvp (forsaken world)
k thnx
Just maybe........we can see some hope for their games, to be not so p2w or p2p.