Submission + - CD Projekt sells off Hungarian and Check divisions (cdprojekt.com)
TightByte writes: "CD Projekt announces that as of April 29, 2010, CD Projekt Czech S.R.O, a Prague-based company, which operates in Czech Republic and Slovakia, and CD Projekt Magyarorszag KFT, Budapest-based company, which operates in Hungary, have changed ownership as a result of sale and are no longer part of the CD Projekt group.
The decision to sell the two companies came as part of the CD Projekt Group’s current strategy, which is based on three principles: focusing on the Polish market in the distribution field, investing in the development of digital distribution via GOG.com, and further expansion of the video game development operations. Selling the Czech and Hungarian companies is the last stage of organization changes within the CD Projekt Group and its purpose is to limit operations in high-risk markets with limited revenue potential. These changes will allow the group to focus on more profitable and less risky operations in order to achieve better financial results in the coming years."
The decision to sell the two companies came as part of the CD Projekt Group’s current strategy, which is based on three principles: focusing on the Polish market in the distribution field, investing in the development of digital distribution via GOG.com, and further expansion of the video game development operations. Selling the Czech and Hungarian companies is the last stage of organization changes within the CD Projekt Group and its purpose is to limit operations in high-risk markets with limited revenue potential. These changes will allow the group to focus on more profitable and less risky operations in order to achieve better financial results in the coming years."