CD Projekt Red is Not Interested in Being Acquired - News
by William D'Angelo , posted on 03 January 2024 / 2,497 Views
CD Projekt Red's Adam Kiciński, who stepped down as CEO and is now the Chief Strategy Officer, in an interview with Parkiet was asked about the rumors of the studio looking to be acquired by a larger company.
Kiciński stated CD Projekt Red has no interest in being acquired and believes the company in a few years will be even bigger an stronger than today.
"These are just rumors," said Kiciński via a translation by VideoGamesChronicle. "We have always had a clear position, supported by the regulations included in the statute.
"We are not interested in being included in any larger entity. We have worked our whole lives to get to the position we have now. And we believe that in a few years we will be even bigger and stronger. We have ambitious plans and we are passionate about what we do. We value our independence."
He added, "Independence is really attractive, it’s a kind of freedom."
Kiciński was also asked about the studio potentially making acquisitions of its own and he said they don't have any plans to do so.
"We do not plan any acquisitions at this time," he said. "Of course, we are open to ideas that could accelerate the implementation of our strategy. But we are not interested in purchases that would only aim to include the acquired companies in our group and consolidate their financial results. We don’t see the value in it."
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 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.
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Unless a company is in financial distress, they never say that they want to be acquired. That would just mean they are starting any negotiations from a position of weakness. But, business is business, and every company is open to being acquired if the offer is attractive.
Also, it is not up to the c-suite guys. It's the shareholders that make the decision. Sometimes the the top execs own a lot of the company. But I don't know to what extent that is true in the case of CDPR.
These acquisitions are getting out of hand,
Getting acquired when ur financially unstable is such a crappy free get out of jail card.
The devs need to do better and not release shitty ass games and not get acquired when failing sales expectations
interesting hopefully not microsoft
Bummer. Was hoping Microsoft goes after them.
