Perfect World to become privately owned

    
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Perfect World is no longer a publicly traded company, as founder Michael Yufeng Chi made a deal to take the company private.

Chi will take over Perfect World by merging it into a new company, Perfect Peony Holding Co., which is located in the Cayman Islands. Current investors will receive $4.04 a share as part of the buyout. The deal is made possible by a $900 million loan from a Chinese bank, is approved of by the board, and will go forward later in 2015.

Perfect World Entertainment, the game division of Perfect World, recently made the headlines due to a series of layoffs worldwide.

[Source: Washington Post. Thanks to Paraxes for the tip!]
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Satanixx
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Satanixx

BryanCo Midgetsnowman And it smelling like Gain.

BryanCo
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BryanCo

SallyBowls1 Greaterdivinity  So….California to Nevada?

toomanywowclones
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toomanywowclones

usagizero crazy ain’t it

BryanCo
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BryanCo

Midgetsnowman  Yes it does.  It’s just been freshly laundered.

syberghost
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syberghost

Midgetsnowman SallyBowls1 Greaterdivinity income tax isn’t the only way to raise money. There are lots of methods of taxation.

kalex716
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kalex716

melissamcdon In game dev, you are better off working for private companies. 

Its the public companies that are more risk averse, and the first thing they do when revenue is down is lay people off. Private companies don’t typically cycle the same way public ones do, and are usually looking to do more innovative things, and are more comfortable/free to reinvest profits back into the company to fuel innovation, and good ideas.

However, these china based companies are so friggin huge, I can’t even begin to speculate what that actually means for the games they develop.

Midgetsnowman
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Midgetsnowman

Estranged Midgetsnowman SallyBowls1 Greaterdivinity

so obviously the solution is to upkeep nothing and hope it all doesnt fall apart while grandma is driving across the bridge to see the grandkids, and definitely not to invest into making roads that last longer or in decent maintenance

Mister Tuggles
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Mister Tuggles

usagizero 
 I don’t think you grasp the size of the Asian MMO markets compared to ours. Those people are batshit crazy when it comes to MMOs, and will spend thousands upon thousands of dollars to keep up.

usagizero
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usagizero

“a $900 million loan ”

Holy hell! For a game company. How the hell does one swing that? Are they really pulling in enough to pay that back? I bet Curt Schilling would crap his pants if he saw this.

Midgetsnowman
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Midgetsnowman

SallyBowls1 Greaterdivinity because having a failing infrastructure with no way to fix it certainly makes a state awesome.