Categories: News

Rumor: The Witcher 3 developer, CD Projekt Red, might be preparing to fight a hostile takeover

CD Projekt Red has called an Extraordinary General Meeting later this month and the meeting schedule is suggesting that the developers behind The Witcher series might be preparing to fight off a hostile takeover.

According to the meeting schedule (via NeoGaf/RP.pl), CD Projekt Red is going to be addressing a number of things, including on what right shareholders have. According to a summary on the meeting schedule, there will be three votes during the meeting:

  1. Vote on whether or not to allow the company to buy back part of its own shares for 250 million PLN ($64 million)
  2. Vote on whether to merge CD Projekt Brands (fully owned subsidiary that holds trademarks to the Witcher and Cyberpunk games) into the holding company
  3. Vote on the change of the company's statue.

These votes suggest that CD Projekt Red might be preparing for a hostile takeover or be protecting themselves against one should it come – particularly the first and third vote. If CD Projekt Red bought back its share it would restrict the remaining shareholders, which means that no one could show up and start buying shares until they owned a majority.

It's interesting that CD Projekt Red is making these preparations. Currently, Ubisoft is scrambling to buy their shares back in hopes of fending off a hostile takeover from Vivendi that has been in the works for months. In addition to that, a Chinese chicken meat company is buying up game developers like nobody's business.

The question is, if someone is trying to buy CDPR who is it? If no one is, good on them for protecting themselves and their IP.

Tatiana Morris

I work here, so at least I've got that going for me. Catch me on Twitter @TatiMo_GZ

Share
Published by
Tatiana Morris

Recent Posts

Review: Hitman 3 is the peak of the trilogy

To kick off 2021, we have a glorious return to one of the best franchises…

4 years ago

Hogwarts Legacy has been delayed to 2022

Last summer, we got our first official look at Hogwarts Legacy. The RPG set in…

4 years ago

EA to continue making Star Wars games after deal expires

Today, it was revealed that Ubisoft would be helming a brand-new Star Wars game. The…

4 years ago

PS5 Exclusive Returnal talks combat, Glorious Sci-Fi frenzy ensues

Housemarque shared lots of new details about their upcoming PS5 game Returnal. Today, we learn…

4 years ago

Lucasfilm Games confirms Open-World Star Wars handled by Ubisoft

Huge news concerning the future of Star Wars games just broke out. Newly revived Lucasfilm…

4 years ago

GTA 5 actors recreate iconic scene in real life

GTA 5 is probably the biggest game of all-time. It has sold over 135 million…

4 years ago