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Ubisoft "Mad" to Lose Cryptic to Atari

Edge writes: "Ubisoft's CFO revealed on Wednesday that the company was in a bidding war over Champions Online developer Cryptic Studios, a development house that ultimately went to Atari.

Speaking at the UBS Annual Global Media Conference in New York, Ubisoft's Alain Martinez said, "We lost one deal, which we were a bit mad to lose: Cryptic, a U.S. company that was taken by Atari. We were disappointed, but that was one try at an MMO."

This week, Atari announced that it purchased Los Gatos, Calif.-based Cryptic for $28 million, with further variable payments determined by the sales performance of the upcoming superhero-themed Champions Online and Star Trek Online."

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