Are The Witcher Developers CD Projekt Red Preparing For a Hostile Takeover?

CD Projekt Red is preparing to defend itself against a hostile takeover, rumor suggests. A reddit user named “boskee” got wind of this news when a Polish newspaper began reporting the situation. Said Polish newspaper started their speculation when an “extraordinary” shareholder meeting was called by CD Projekt Red. According to the schedule, there are 3 points that will be covered.

  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 statute.

Reddit user “Boskee” provided some details as to why the first and third points are key to the hostile takeover speculation.

“Now, the 1st and 3rd point seem to be the most interesting, particularly the last one. 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.”

Who can be trying to buy CD Projekt Red? Well, a lot of evidence is pointing to Vivendi, at the moment. However, EA has expressed interest in buying CD Projekt Red after the success of The Witcher 3. No matter the case, it’s unlikely that a takeover is going to happen. CD Projekt Red is cash rich right now and will definitely be able to buy back more than 51% of their own shares. We’ll find out what happens on November 29th when the general shareholders meeting takes place. 

Source

Share this article:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on tumblr
Tumblr
Share on email
Email
Share on whatsapp
WhatsApp

Recent Posts

Tech News

Xbox Series X SSD – Speedy Storage at What Cost?

The new Xbox Seagate SSD is available for preorder. Is it worth the price?

Events

Conversation with Neil Jones about Aerial_Knight’s Never Yield | PAX Online

Neil Jones aka Aerial_Knight is a name you need to look out for. His new game Never Yield is going to be a banger

Gaming News

Breaking News: Microsoft Acquires Bethesda

Microsoft acquires Bethesda. This may be the biggest deal we’ve seen in gaming.

Game Deals

Don’t Forget September 2020’s Games with Gold

We’re more than half way through the year with the holidays rolling around the corner. With the hype on the launches of next generation console wars, we have a great …

Gaming

Demon’s Souls is a Launch Game And We’re So Here For It

Initially unveiled at the Future of Gaming PS5 Reveal event back in June, the PS3 classic Demon’s Souls is ready to go for launch. The new gameplay trailer released today …

PlayStation Plus Game Deals

Don’t Miss September 2020’s PlayStation Plus Games

Here we are now in September and we’re getting ready to hit the overload of games during the holidays again. Parachute in while competing to be number 1 against other …

New Merch In Stock! ✊🏾

Ultra soft, authentic ringspun cotton. 100% of earnings will be donated.