CD Projekt shoots down Sony acquisition rumor: 'CD Projekt is not for sale,' CEO says

  • 📰 pcgamer
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 67%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

'CD Projekt is not for sale.'

after CD Projekt made some behind-the-scenes moves as"insurance" against a hypothetical hostile takeover.in 2022 following the announcement of an ambitious multi-year development plan and the stepdown of longtime joint CEO Marcin Iwiński, although analysts said there was nothing about the studio's actions that pointed specifically toward an impending takeover.

The most recent claim is that Sony is preparing to add CD Projekt to its lineup, a rumor that surfaced in March and has persisted since then despite no real evidence to support it. The most recent boost to that story happened over the weekend, when Destiny 2 leaker Liz posted on their Discord server that"PlayStation plans on buying CD Projekt Red."

These things are usually left to blow over unremarked, but in this case—perhaps because the story has dragged on for so long—the studio opted to shoot it down outright."Re: The latest rumor," CD Projekt Red PR rep Ola Sondej said on Twitter."Yah, we're not in such talks with Sony." CD Projekt repeated that position later in the day, during the Q&A portion of its quarterly"Nothing has changed," CEO Adam Kiciński said.

Corporate acquisitions are often driven by the relentless pursuit of profit or strategic goals, which was at least part of the theory behind the rumors in this case—that Sony is looking for a counterpunch to Microsoft's proposed. I don't think that really holds up to scrutiny: As good as CD Projekt's games are, singleplayer RPGs simply do not have the presence and value of a game series like Call of Duty and the money-printing MMO World of Warcraft.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 38. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CD Projekt shoots down Sony acquisition rumor: 'We're not in such talks'Rumors of a possible Sony buyout of the Witcher studio have persisted since March.
Source: pcgamer - 🏆 38. / 67 Read more »