In June, Canada-based
Warframe developer Digital Extremes
tentatively agreed to a deal to have a majority of its shares acquired by a pair of Chinese companies, and today,
that deal took another step forward. All parties have agreed to the proposed deal.
When the transaction completes, Multi Dynamic Games Group, a subsidiary of Sumpo Food Holdings, and Perfect Online Holding, the parent company of online game publisher Perfect World, will own 61 percent of the studio between them; the transaction
is valued at a total of $73.2 million.
Sumpo is to get 58 percent, while Perfect World picks up only 3 percent of shares -- but also the exclusive rights to publish
Warframe on game consoles in Mainland China.
The game is currently available on Xbox One and PlayStation 4 in the West. Microsoft's console recently came to China, and it
seems likely Sony's will soon follow suit.
