CD Projekt on Being Acquired: 'We Plan to Remain Independent' - News
by William D'Angelo , posted on 03 February 2022 / 2,429 Views
CD Projekt President Adam Kiciński speaking in an interview with Polish website Rzeczpospolita was asked if there was a chance the studio could be acquired and Kiciński said the company is not looking to sell and is not looking for investments.
"We have been repeating for years that we plan to remain independent and do not plan to become part of a larger entity," Kiciński said. "We are also not looking for a strategic investor."
Kiciński added CD Projekt will continue to look at acquiring other studios. The studio this year acquired The Flame in the Flood and Drake Hollow developer The Molasses Flood and Vancouver-based developer Digital Scapes.
"As part of the strategy update, we announced greater activity in the M&A area, which we confirmed in recent months with two transactions," Kiciński said. "Both fit perfectly into our development plans. The Vancouver team joined CD Projekt Red, while The Molasses Flood is working on a game as part of one of our franchises.
"We do not rule out further transactions of this type in the future. The goal of our acquisitions is to strengthen development teams and obtain additional support in the implementation of our strategy.
"Therefore, in this type of investments, we are most interested in experience and competences, and we attach great importance to whether a given team will fit into the culture of our group."
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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Keep doing damage control instead of fixing your games and relying on marketing hype alone, instead of making quality games, and you won't be independent for very long.
I would say they are too expensive as you say, but their IPs are actually worth a lot.
I don't know how much the refunds and all the bad publicity have cost, but around release, the game sounded very profitable, so definitely sounds like someone someone might want to acquire.
There is no publisher that wouldn't kill to own The Witcher brand.
