They only distributed it. CD Projekt is self-publishing everything starting with The Witcher 3 and going forward. They signed distribution deals for retail copies. That's all.
Information is only disclosed if you previously (or after the sale) held over 5% of the stock. Both shareholders in this case had over 5% so it was reported. There may very well be someone who already has 4% of the shares and is looking for more.
True but WB was also the distributor for Witcher 2 Enhanced Edition in NA and have obviously shown interest in CD Projekt in the past. Also WB are pretty bullish on joining the Big 4 and becoming a top tier publisher. If they owned stake in CDPR they would be a dead lock imo.
Either way this is likely some investment firm, which people should be a lot more afraid of.
None of us should be surprised either. If you look at CDPR growth that isn't the sort of thing that flies under the radar. You blow up like that while being a public company and its going to draw major purchasing interest
Well, let's see what the quarterly report says. If there is indeed someone who is interested in an acquisition I'll bet it's someone from outside the industry since there aren't many gaming companies out there who are that liquid to afford a majority stake of 430+ Million Euros.
It's even more difficult to make the argument that it hasn't. Leaving aside for a moment that BioWare nearly went the way of Troika/Black Isle before EA got them due to their own mismanagement of project budget, their games have been well-reviewed, sell well enough for EA to continue letting them develop 3 separate IPs, and several of them have garnered numerous GOTY awards. An argument that EA has been bad for BioWare is so predicated on personal preference as to not be particularly useful.
Those changes don't necessarily only attempt to defend against a hostile takeover. They could also be the first steps in maximizing company value before a buyout and ensuring CD Projekt has a better position at the negotiating table. Consolidation of assets and shares is both something you do to prevent a hostile takeover and one of the first steps you take before a major buyout.
Guys, calm down a little. It's rather unlikely that any takeover is actually going to happen.
Good for Bioware or good for EA? Bioware hasn't even made a blip on the lexicon of gaming in the last 5 years.
My argument was predicted on the health of Bioware, not EA's profit margins. A hostile takeover would likely see a similar end result for CD Project, target different demographics and massive talent bleed.
Good. maybe the new owners will finally have them focus on delivering good gameplay.
Good. maybe the new owners will finally have them focus on delivering good gameplay.
Good. maybe the new owners will finally have them focus on delivering good gameplay.
Good. maybe the new owners will finally have them focus on delivering good gameplay.
Agreed. They are the good guys that we needOmg, I don't give a damn about Ubisoft but CD Projekt better not be taken over. It will be the saddest thing to happen in gaming for me.
Strikes me as odd as they don't own either the Witcher or Cyberpunk IP, and thus you are buying a studio where the talent can easily leave after buyout, and I doubt GOG is a massive moneymaker.
Hopefully they are just thinking long term rather than facing an immediate takeover threat, they single handedly restored by faith in RPGs nearly 10 years ago so I would hate to see them fucked over.
Not sure if Valve has the capital, they're nowhere near as big as the big players.
Not saying that VALVe has any interest in this acquisition, but you are underestimating VALVe´s "size".
They are huge.
HUUUUUUUUGE
Aren't they doing pretty well at the moment or is this a case of "more money = better"?
Yeah if they don't own the IP that's news to me. Partnering with Atari (or whoever it was) for publishing and getting the first game is another storyI thought they owned the witcher IP for video games as far as I know?
Your argument's definition of BioWare's health is misplaced wish fulfillment that what's bad for your gaming preferences is also bad for BioWare. Meanwhile Mass Effect 3 is the best-selling Mass Effect game, and Dragon Age: Inquisition had BioWare's most successful launch ever. I don't need to mention, again, that BioWare almost bankrupted itself before EA ever became involved. Now it has over 800 employees.
Linking to a NeoGAF thread proves as much as me linking to DAI's reader's choice GOTY awards: not much at all.
I thought they owned the witcher IP for video games as far as I know?
Er, how does a hostile takeover work? cant CDP say No?
Er, how does a hostile takeover work? cant CDP say No?
Er, how does a hostile takeover work? cant CDP say No?
Buy more Witcher 3 folks...
This is similar to Activision with all of the IPs they had. They could make whatever video game they felt like but it's limited to games since say for example Sony owns the movie rights for spidermanAh really? I had assumed they just licensed it from Sapkowski, that would make a difference then.
Can someone explain to me how hostile takeovers are legal? It seems like all it does is screw over smaller (but still big) companies.
Strikes me as odd as they don't own either the Witcher or Cyberpunk IP, and thus you are buying a studio where the talent can easily leave after buyout, and I doubt GOG is a massive moneymaker.
Hopefully they are just thinking long term rather than facing an immediate takeover threat, they single handedly restored by faith in RPGs nearly 10 years ago so I would hate to see them fucked over.
Not really, hence the name. An investor can go and speak directly to various shareholders and start buying their shares (if they agree). Once they have enough of those shares they can take over. Law varies from country to country. The change proposed by CDP is that if any shareholder collects over 20% of the shares, they then need to buy everything else at once for an acceptable sum or not at all.
It's basically a shareholder increasing the number of shares they have of the company until having the majority of the shares.
Since CDP doesn't own the majority of those shares they can't say no, they can only buy back their shares to prevent anyone to have the majority of CDP's shares. But to do that you need a lot of money, money that CDP may not have.
CD Projekt may be preparing to defend against a hostile takeover