CD Projekt's big roadmap doesn't indicate an impending acquisition, says analyst

pcgamer.com:

Cyberpunk 2077 was no flop, but it certainly disrupted CD Projekt's forward momentum, causing it to postpone Cyberpunk DLC in favor of fixes, and hurting its share price. But the past year of Cyberpunk launch atonement is not part of a long-term scaling back, we learned last week. If anything, CD Projekt's ambition has multiplied: The company says it's going to make a Cyberpunk 2077 sequel, release three new Witcher RPGs over the course of just six years, make a new game set in a new world, and more.

At the same time, joint CEO Marcin Iwiński said he'd be stepping down and taking a new role on the CD Projekt supervisory board. These announcements inevitably led to speculation that CD Projekt might be an acquisition target. The theory goes that its super-ambitious roadmap is either an attempt to attract big investors, or a way to deter a takeover by increasing its share price.

It feels like anything is possible with all the game studio shopping big companies like Microsoft have been doing, but industry analyst Rhys Elliott, who works for gaming research firm Newzoo(opens in new tab), doesn't think CD Projekt's bold roadmap justifies any immediate conclusions about its current or future ownership. 

«Expansive roadmaps are not a definite sign of a company anticipating an acquisition, and we would not want to speculate about the possibility of CD Projekt getting acquired,» Elliott told PC Gamer.

According to Elliott, it's common for mid-sized developers to have ambitious internal roadmaps for the purpose of forecasting revenue and setting deadlines. What isn't typical is telling the world about those roadmaps, as CD Projekt has. Elliott thinks the company noticed that its status was improving—particularly after the success