About the transaction
One of the world's most successful independent game studios, Ontario-based Digital Extremes was founded in 1993 is well known for such titles as Epic Pinball, the Unreal franchise, and, most recently, its highly popular free-to-play action game, Warframe. Through subsidiaries, Hong-Kong based Leyou Technology Holdings and Beijing-based Perfect World acquired a majority stake in the company. Leyou Holdings, listed on the Hong Kong stock exchange, is a holding company currently diversifying its businesses by entering the video game industry. Perfect World Co., Ltd. is a leading online game developer and operator, primarily developing online games based on proprietary game engines and game development platforms.