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CD Projekt’s president insists the company is not for sale – Video Games Chronicle

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The president of CD Projekt has reiterated that The agency has no plans to entertain any acquisition talks.

In A mannequin new interview with the Polish financial newspaper Rzeczpospolita, Adam Kiciński was requested if The agency was contemplating both discovering an investor or saying strategic decisions.

“We now have been saying for years that we plan To maintain indepfinishent And do not plan To Wind up to be An factor of A a lot greater entity,” Kiciński said. “We’re furtherly not Looking for a strategic investor.”

Kiciński was then requested if It Might be potential For An further agency to carry out a hostile takeover of CD Projekt by buying for shares, however he defined that The agency’s articles of affiliation protected in the direction of this.

“There are provisions that significantly hinder hostile takeovers,” he conagencyed.

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A report from market evaluation agency DFC Intelligence in January suggested that the problematic place CD Projekt found itself in following the troubled launch of Cyberpunk 2077 made the Polish agency “one To watch” as a potential acquisition candidate.

Instead, CD Projekt has been making acquisitions of its personal, collectively with Flame Inside the Flood developer The Molasses Flood and Vancouver-based mostly enchancment studio Digital Scapes, which has now been renamed CD Projekt Purple Vancouver.

“As half of our method replace, we introduced extra exercise Inside the mergers and acquisitions space, which we conagencyed in current months with two transactions,” Kiciński informed Rzeczpospolita.

“We do not rule out extra such transactions Finally. The purpose of our acquisitions is to strengthen our enchancment groups and obtain further assist in implementing our method.

“On This Sort of funding, we are most Considering about expertise and competence, and we join good significance As to if the group matches into the tradition of our group.”

Source: https://www.videogameschronicle.com/news/cd-projekts-president-insists-the-company-is-not-for-sale/

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