The Witcher 3 Dev Not Facing Hostile Takeover
November 29th meeting for more preventative measures.
Rumours have been spreading about a possible hostile takeover of The Witcher 3: Wild Hunt developer CD Projekt RED. This stemmed from the studio’s shareholders meeting on November 29th to discuss measures to prevent a potential hostile takeover.
As it turns out, this isn’t because there’s a current takeover happening. A spokesperson from the company noted that the meeting was more for preventative causes.
“As for the rumor, it emerged after the [board of directors] suggested introducing a voting cap during the upcoming shareholder meeting. However, the proposal is not a reaction to any current events affecting CD Projekt.
“Rather, it is meant as insurance against future hypothetical scenarios which may never materialize. We wish to safeguard the interests of minority shareholders in a hypothetical case where a major shareholder emerges professing a business and strategic vision which conflicts with ours.”
The last time the studio refuted rumours of a potential takeover was in September 2015 when rumours pegged EA to purchase the company. CDPR fans can relax once more but we’ll see what the future ultimately holds.