Michał Kiciński's GOG acquisition reshapes digital game retail landscape now

Michał Kiciński's GOG acquisition reshapes digital game retail landscape now

Michał Kiciński now fully owns GOG after purchasing it for PLN 90.7 million, emphasizing a commitment to its DRM-free model and classic game preservation. What’s next for CD Projekt?

NeboAI I summarize the news with data, figures and context
IN 30 SECONDS

IN 1 SENTENCE

SENTIMENT
Neutral

𒀭
NeboAI is working, please wait...
Preparing detailed analysis
Quick summary completed
Extracting data, figures and quotes...
Identifying key players and context
DETAILED ANALYSIS
SHARE

NeboAI produces automated editions of journalistic texts in the form of summaries and analyses. Its experimental results are based on artificial intelligence. As an AI edition, texts may occasionally contain errors, omissions, incorrect data relationships and other unforeseen inaccuracies. We recommend verifying the content.

Michał Kiciński, co-founder of CD Projekt, has completed the acquisition of the DRM-free video game platform GOG for PLN 90.7 million (approximately $25 million). This acquisition was financed entirely through funding secured at the time of the sale, without utilizing any shares from CD Projekt owned by Kiciński.

Founded in 2008, GOG aims to preserve classic video games, maintaining its independent operations and commitment to a DRM-free model. Following the sale, GOG will continue to feature titles from CD Projekt Red under a new distribution agreement, ensuring ongoing collaboration between the two entities.

Although the official press release did not specify the reasoning behind the sale, a report on CD Projekt’s website indicated that divesting GOG aligns with the company’s growth strategy, focusing on its core business of video game development and publishing. The report also hinted at a competitive bidding process, suggesting that Kiciński may not have been the sole interested party.

Kiciński's future role at GOG appears active, but his current status at CD Projekt is less defined, as he is a notable shareholder but does not hold a position on the management or supervisory boards.

Want to read the full article? Access the original article with all the details.
Read Original Article
TL;DR

This article is an original summary for informational purposes. Image credits and full coverage at the original source. · View Content Policy

Editorial
Editorial Staff

Our editorial team works around the clock to bring you the latest tech news, trends, and insights from the industry. We cover everything from artificial intelligence breakthroughs to startup funding rounds, gadget launches, and cybersecurity threats. Our mission is to keep you informed with accurate, timely, and relevant technology coverage.

Press Enter to search or ESC to close