CD Projekt Red, the game developer behind renowned titles like Cyberpunk 2077 and The Witcher series, has firmly shut down swirling speculations of a potential acquisition (via VGC).
In an exclusive interview with outgoing CEO Adam Kiciński, the company has asserted its staunch disinterest in being acquired by any larger entity, reiterating its steadfast commitment to independence.
A screen showing a promotional video for the Cyberpunk 2077 game for the Sony Playstation is seen in the gaming section of a shop in Tokyo on December 18, 2020, as Sony announced the pulling of the much-hyped game from PlayStation stores around the world after a flood of complaints and ridicule over bugs, compatibility issues and even health risks. (Photo by Kazuhiro NOGI / AFP)
CD Projekt Red 'Not Interested' in Any Buyout
Addressing persistent speculations, Kiciński asserted, "These are just rumors. We are not interested in being included in any larger entity."
Emphasizing their lifelong dedication to establishing their current position, he underlined the company's belief in future expansion and resilience, expressing unwavering passion for their work and an ambitious roadmap ahead.
"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, echoing the sentiment of the company's entire ethos.
Moreover, Kiciński clarified that the company has no intention of pursuing any acquisitions itself. While remaining open to strategic ideas aligning with their vision, CD Projekt Red remains resolute in avoiding purchases solely to consolidate financial results.
The focus remains on driving their strategy forward without compromising on their distinct identity or diluting their creative pursuits.
Read Also: Sony PlayStation 5 Hits Milestone: 50 Million Units Sold
Recent Shifts in the Gaming Industry
This resounding declaration comes amidst increasing acquisitions within the gaming industry. While giants like Microsoft, Activision Blizzard, and Embracer Group have flexed their financial muscles in acquiring studios, CD Projekt Red stands firm, carving its niche as a proudly independent entity.
This persistent stance provides a refreshing contrast to the prevailing pattern of corporate consolidation that risks homogenizing the industry landscape.
The significance of this commitment to autonomy extends beyond the corporate realm. It offers assurance to fans eagerly anticipating future releases, notably The Witcher 4.
The statement implies that CD Projekt Red remains dedicated to preserving the essence of their creations, assuaging concerns about potential external influences that could compromise the integrity of their games.
CD Projekt RED recently reported record quarters, fueled by the expansion for Cyberpunk 2077, Phantom Liberty. Following a challenging launch in 2020, this expansion was met with positive reviews and hype.
In Other News
In a bold proclamation for the company's future, Square Enix President Takashi Kiryu outlined an ambitious agenda of aggressive AI integration within the company's development and publishing efforts.
Kiryu, who took over as Square Enix president in June 2023, revealed a strategic shift toward leveraging cutting-edge technologies for transformative innovation in his New Year's Letter.
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