Acquisitions are a large part of the gaming sphere. If a developer is doing really well on its own two feet, it becomes attractive, for example, to Xbox or PlayStation as a studio to work exclusively for them. In other cases, studios may just be bought out by massive publishers like Activision Blizzard. However, CD Projekt has recently stated that it has no intentions of being bought out, despite its Cyperpunk 2077 issues.
As reported by VGC, a recent interview with Polish newspaper Rzeczpospolita led joint CEO Adam Kiciński to clarify that CD Projekt isn’t looking to be bought. He was asked if the company may be looking for investors or perhaps it might be looking to announce new strategic options to which the answer was a firm no.
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The CEO responds: “We have been saying for years that we plan to remain independent and do not plan to become part of a larger entity. We are also not looking for a strategic investor.” He even goes on to say that there seems to be “provisions” in place that would “hinder hostile takeovers” too via another company buying shares.
This hasn’t prevented CD Projekt from making its own acquisitions. VGC notes that it has bought two developers of late: The Molasses Flood and Digital Scapes, which was renamed to CD Projekt Red Vancouver. Kiciński goes on to say to Rzeczpospolita: “As part of our strategy update, we announced more activity in the mergers and acquisitions area, which we confirmed in recent months with two transactions.
“We do not rule out more such transactions in the future. The purpose of our acquisitions is to strengthen our development teams and gain additional support in implementing our strategy. In this type of investment, we are most interested in experience and competence, and we attach great importance to whether the team fits into the culture of our group.”
Topics: Cyberpunk 2077, CD Projekt Red