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CD Projekt RED on buyout: We see no profits in joining a bigger group

CD Projekt Group has no plans to sell itself or be acquired by another company, will remain independent for foreseeable future.

@DeekeTweak
Published Sun, Apr 25 2021 10:32 AM CDT

Despite its missteps with Cyberpunk 2077, CD Projekt RED is doing better than ever and currently has no plans to sell itself to a larger company.

CD Projekt RED on buyout: We see no profits in joining a bigger group 3244 | TweakTown.com
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After an incredible 13.7 million Cyberpunk 2077 copies sold and record 2020 earnings, CD Projekt RED will remain independent for the foreseeable future. When asked about CD Projekt Group possibly being acquired by another games titan (like Tencent, Microsoft, or Sony), company co-president Adam Kicinski said there's no plans to sell right now. If anything CD Projekt is interested on the other side of M&A and would be buying, not selling.

"Nothing changed in this regard. We run our business independently. We have full competencies in this, in running our business. So we don't see, as for now at least, any profits from joining a bigger group. So we're not seeking anything in this regard," Kicinski said in CDP's Q4 2020 earnings call.

CD Projekt RED on buyout: We see no profits in joining a bigger group 22 | TweakTown.com

CD Projekt Group's 2020 earnings dwarf all other previous years thanks to record Q4 performance.

Kicinski goes on to say CD Projekt is more interesting in buying than selling: "Of course, as we said, we are more open to M&A but on the other side. So we are more actively looking for teams that can help to execute our strategy. And that's important. The results, it's rather about building the group for execute our own strategy."

CD Projekt recently acquired Spokko to help lead its mobile gaming initiatives, which have coalesced with a new AR-based Witcher game. The Polish games company also acquired Digital Scapes, who specializes in live services, to help bolster its internal GOG-based online networking teams. Digital Scapes is also helping with Cyberpunk 2077's multiplayer mode.

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Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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