Activist Investor Wants Heads to Roll After $6.2 Billion Cyberpunk Fiasco
- Abri Advisors calls on CD Projekt board to oust top executives
- Studio’s board backed executives at May shareholder meeting
This article is for subscribers only.
An activist investor in CD Projekt SA wants to oust the top executives of Poland’s largest gaming studio for the botched release of the Cyberpunk 2077 title that wiped out more than half of the company’s value.
U.K.-based Abri Advisors, which didn’t specify how big a stake it holds in CD Projekt, wrote to the studio’s board expressing “utter dismay and disbelief with developments at the company over the last 12 months” on behalf of all shareholders.