Tech News Summary:
- CD Projekt CEO Adam Kicinski has declared that the Polish game developer is not for sale.
- The announcement comes amidst rumors that Sony was targeting the company for acquisition.
- CD Projekt reported a 1% year-over-year increase in quarterly net profit despite a 19% year-on-year drop in revenue and plans to release an expansion to “Cyberpunk 2077” called “Phantom Liberty”.
In a recent interview with the press, CD Projekt CEO Adam Kicinski declared that his company is not for sale, dispelling rumors and speculations about potential mergers or acquisitions. The statement comes amidst growing interest from other technology companies, especially in the wake of CD Projekt’s success with their critically acclaimed games such as The Witcher series and Cyberpunk 2077.
“We are not interested in any kind of merger or acquisition. We want to remain an independent studio that is free to make our own creative decisions,” Kicinski said during the interview. He went on to add that CD Projekt’s mission and vision are centered on creating innovative and engaging gaming experiences that push the boundaries of what is possible.
The announcement by Kicinski is a clear message to competitors, who have been eyeing CD Projekt as a potential acquisition target. With the gaming industry projected to reach $200 billion by 2023, companies like Amazon, Microsoft, and Google are increasingly interested in acquiring gaming studios to bolster their presence in the lucrative market.
However, Kicinski’s declaration has made it clear that CD Projekt is not interested in such a deal. Instead, the company plans to continue developing new games and expanding their reach to new audiences. This decision is also likely to be welcomed by gamers who value CD Projekt’s creative independence and unique approach to game development.
The news of CD Projekt’s non-sale stance is likely to have a ripple effect across the gaming industry, with other independent studios potentially taking a similar approach to discourage acquisition attempts. As for CD Projekt, it seems that the company’s future is firmly in their own hands, free from external influences or pressures.