Embracer Group, the parent company of businesses developing and publishing PC, console and mobile games for the global games market, agreed to acquire Perfect World, a Chinese mass media company, for $103m. "It has been an amazing journey being a part of Perfect World, and we thank them for all of their support throughout the years. PWE is delighted to become a part of the Embracer family, and join Gearbox on their mission to entertain the world. We are eager to apply our vast experience and talents to benefit both shareholders and customers around the world," Yoon Im, PWE CEO.