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CD Projekt - "Acquired" by Optimus
Polish site Polygamia has two news pieces about the acquisition of CD Projekt by Polish computer hardware company Optimus SA. As it turns out, Optimus is nearly defunct and the principals of CD Projekt will ultimately own half of the bigger Optimus, so this a back-door way to enter the share market and raise capital without going through a more complex public float. You can read the original article here and an update here but this quote from CD Projekt co-founder Michał Kiciński is probably all most of us need to know:
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More information. |
I hope it works for them, don't recall hearing about Western publishers being a problem for them. In most cases I am against publishers but CDProjekt chases Graphic Whores at the expense of Stability, Gameplay and Working Quests.
It's weird, I don't recall these guys ever taking responsibility even when it was taking them 5, 6, 7 years (don't even remember now) to get out STALKER SoC. Too bad really if they realized there own problems holding them back they could be much more productive and successful. |
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Wasn't STALKER developed by GSC Gameworld, and published by THQ? |
Um…..yes.
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Optimus? They tried to do that with a completely different company not long ago, but didn't sign the deal in the end. Now they're trying with CD Projekt, huh…
Well I hope it will be beneficial for CDP (although my associations with the name "Optimus" aren't the prettiest). |
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I think the last sentence of the quotation is everything one needs to know about the gaming industry as it stands now.
There's sooooo much between the lines … |
This is baffles me. So CD Projekt is doing this just to get access to a company that is traded on an exchange so they don't need to do it themselves? Investors are going to look at this merger as a good thing to put money into? I guess it would make some sense to me if Optimus is shell with few employees (outsourcing most of the manufacturing to china/taiwan/india). I guess this is why I'm just an engineer. Anyway I wish them well and I hope gog.com survives this if it does not go as planned.
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So CDP gets 50% of the new Optimus and the former owners get 14M Zloty. The new company gets some cash from the old owners for the issued new stock.
If Optimus was indeed nearly out of business, this whole stunt smells of desparation. The price sounds high for an almost empty shell. |
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