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CD Projekt Dismisses Rumors of a Sony Takeover Bid

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CD Projekt has responded to this weekend's rumors of a possible takeover bid by Sony's gaming division (Interactive Entertainment) - a leaker well known within the Destiny 2 community suggested that the (publicly traded) Polish games publishing and development group was on the cusp of signing up as first party entity. CD Projekt president and CEO Adam Kiciński addressed this matter in a company earnings meeting, he affirmed that no change in operations was incoming: "Nothing has changed in our end...So, I can repeat what we have been saying throughout the years - CD Projekt is not for sale. We want to remain independent. We have, I believe an excellent strategy. Not easy to execute, for sure, but it's very exciting to follow our own path. So it's a pure rumor." One of the company's PR representatives, Ola Sondej, also denied (on Twitter) that acquisition negotiations were in-progress: "Yah, we're not in such talks with Sony."

The earnings call also resulted in an announcement of The Witcher 3 selling more than 50 million copies - pointing to it being the ninth highest-selling game of all time. The Witcher franchise (consisting of three main line titles) has achieved lifetime sales of more than 75 million units. Despite this good news, CD Projekt has experienced a decline of 20% in net sales (for Q1 2023) - it seems that a reliance on continued revenue from older games can only go so far. Half of the main development team is committed to supporting Cyberpunk 2077, and finalizing a DLC campaign - Phantom Liberty, although CD Projekt has not yet set a firm release date for this extra content. Preview code is destined to make an appearance at this year's Summer Game Fest (June 9 to 10). Multiple Witcher games are in the pipeline, as well as a Cyberpunk sequel.



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I think the old saying "never believe anything until it is officially denied" might apply here ;) Though I think I believe them in this case, I don't really see a good fit for the PS studios, CD projekt has it's roots in a piracy group and they are big advocates for less/no DRM (they're the owners of gog for example)

Anyway, another consolidation move in the gaming industry, though far less of a problem than Activision (completely different ball game really), is still pretty awfull.
 
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Get in before Microsoft buy everyone else.
 
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I think the old saying "never believe anything until it is officially denied" might apply here ;) Though I think I believe them in this case, I don't really see a good fit for the PS studios, CD projekt has it's roots in a piracy group and they are big advocates for less/no DRM (they're the owners of gog for example)

Anyway, another consolidation move in the gaming industry, though far less of a problem than Activision (completely different ball game really), is still pretty awfull.

idk how long you've been around or if this is a joke but PLENTY of crap has been officially denied only to turn around completely the next day.
"no no, our bank is fine, its all fine, keep your money with us, we are doing well, no problem here" next day.....bankrubt.

and that roots in piracy and advocating for less DRM....yeah idk if you know but companies sadly change reaaaaally quickly when money is involved.
You have seen Cyberpunk right? that should tell you all you need to know about the CD Project Red today, those fuckers lied all the way to release about that game.....
If enough money is offered, I bet they would gladly be bought.
 
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idk how long you've been around or if this is a joke but PLENTY of crap has been officially denied only to turn around completely the next day.
"no no, our bank is fine, its all fine, keep your money with us, we are doing well, no problem here" next day.....bankrubt.

That's exactly what I was saying and the point of the quote

and that roots in piracy and advocating for less DRM....yeah idk if you know but companies sadly change reaaaaally quickly when money is involved.
You have seen Cyberpunk right? that should tell you all you need to know about the CD Project Red today, those fuckers lied all the way to release about that game.....
If enough money is offered, I bet they would gladly be bought.

Indeed
 
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