CD Projekt RED May Be Facing A Potential Takeover

CD Projekt RED has called for a general meeting of shareholders set on November 29 in which the company will vote on whether or not to purchase back part of its own shares for 250 million PLN, merge its brands, and change the company's statute to put restrictions on the voting ability of shareholders who exceed 20% of the ownership in the company.

CD Projekt RED Faces Potential Takeover
A new Polish document today suggests that Cyperpunk 2077 and Witcher 3 developer CD Projekt RED could be preparing itself against a possible takeover.

The studio has called for a general meeting of shareholders set on November 29 in which the company will vote on whether or not to purchase back part of its own shares for 250 million PLN, merge CD Projekt brands (Witcher/Cyberpunk), and change the company's statute.

The first and last point listed above are the most indicative of a takeover, as the proposed change will put restrictions on the voting ability of shareholders who exceed 20% of the ownership in the company. It will only be lifted if said shareholder makes a call to buy all of the remaining shares for a set price and exceeds 50% of the total vote.

According to the company's board, this is designed to protect the interest of all shareholders in case of a major investor who would try to acquire remaining shares without offering "a decent price."


CD Projekt RED Chief Executive Adam Kicinski denied rumors of a takeover by Electronic Arts in September of last year, stating, “Usually we don’t comment on rumors, but it’s time to deny the one about takeover because it spread too far. In the name of the board, I would like to state: No, we are not in any talks about the sale of CD Projekt Red or GOG. Also, the document verifying the identity/credentials of the source is not real."

There's currently no information regarding who may be interested in purchasing the company. Given past speculation, however, EA seems to be the most likely candidate.

Well, what do you think about it? Let us know in the comments below.

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Anonymous

if you’re going to steal an article from another website and copy and paste it, at least post your source!

KeenGamer

We will check it…

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