Co-founder of CD Projekt Micha Kicinski has acquired GOG, the company's game storefront

"Micha Kicinski, co-founder of CD Projekt, has acquired total ownership of the DRM-free video game storefront GOG. The digital video game platform was started by CD Projekt in 2008 with a stated mission to preserve "Good Old Games" (hence the GOG acronym). CD Projekt is known for its game studio CD Projekt Red, the developers The Witcher series and Cyberpunk 2077. GOG said Kicinski bought 100 percent of its shares for PLN 90.7 million ($25 million)."

"The acquisition was fully financed through committed funding secured at the sale's closing and did not involve the sale of any of Kicinski's CD Projekt shares. The storefront will continue to operate independently under its new owner, sticking with its DRM-free philosophy and ongoing work to keep classic titles playable on modern PCs. After the sale, CD Projekt and GOG signed a distribution agreement that will see CD Projekt Red games continue to be listed on GOG."

"While the press release for the sale did not list a reason, a report posted Monday under the Regulatory Announcements section of the CD Projekt website states "the sale of shares in GOG is consistent with the CD PROJEKT Group growth strategy, which assumes focusing on the core business of the Company, i.e., developing and publishing video games and related projects based on the owned and new franchises.""

Micha Kicinski purchased 100% of GOG for PLN 90.7 million ($25 million), financing the deal through committed funding at closing without selling any of his CD Projekt shares. GOG will remain an independent, DRM-free storefront committed to preserving classic games and keeping them playable on modern PCs. CD Projekt and GOG signed a distribution agreement to keep CD Projekt Red titles listed on GOG. CD Projekt framed the sale as aligning with a strategy to focus on core game development and publishing. A report mentioned a competitive sale process, suggesting multiple bidders. Kicinski's current operational role at CD Projekt remains unclear.

Read at www.engadget.com