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Bloober Team Decides Not to Sell as it Would Mean 'High Risk of Losing Overarching Goals'

Bloober Team Decides Not to Sell as it Would Mean 'High Risk of Losing Overarching Goals' - News

by William D'Angelo , posted on 01 April 2021 / 1,186 Views

There were reports last year that developer Bloober Team was looking to be acquired, however, the studio has since changed its mind. 

"The company has decided not to continue talks with potential financial and industry investors interested in taking over a majority stake in the company due to the high risk of losing its overarching strategic goals," said Bloober Team during a review of strategic options and transcribed by Bankier.pl.

"At the present stage, it would be inconsistent with the organizational culture and would significantly limit the company's value growth potential. in subsequent years, especially taking into account the projects implemented and planned by it.

"Moreover, the company, having free financial resources, has the opportunity to make investments aimed at increasing its fundamental value. Therefore, the company's management board is considering investing in companies complementary to the issuer's activities in order to increase its production and sales capabilities.

"The management board of the company also decided to recommend to shareholders to transfer the company's listing to the main floor of the Stock Exchange within the time limit enabling the first listing in 2022."

Bloober Team recently released The Medium for the Xbox Series X|S, PC, and Xbox Game Pass.


A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.


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2 Comments
GaoGaiGarV (on 30 March 2021)

Translated: The Medium wasn't as successful as they hoped and didn't increase the value of the company enough to use it as a leverage in sales negotiations so now they are betting on their next title.

  • -2
VAMatt GaoGaiGarV (on 31 March 2021)

That's not what I got from that. I heard "we can get more money by going public than by being acquired".

  • +1