This morning, the Embracer Group announced the divestment of developer Cryptic Studios and publisher Arc Games, which are being acquired by a new company called Project Golden Arc, Inc., thanks to funding from XD Inc. Project Golden Arc, Inc., is owned and led by members of the Arc Games management team. Cryptic Studios is a Californian developer known for MMORPGs like City of Heroes, Champions Online, Star Trek Online, the defunct Magic: Legends, and Neverwinter, which just received the new Red Harvest Part II – The Soul Collector module. The sale is expected to generate net cash proceeds of $30 […]
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