CD Projekt sells GOG to co-founder Kiciński for $25.2 million

CD Projekt has sold GOG, its DRM-free PC storefront, to co-founder Michał Kiciński for 90.7 million Polish zloty, about $25.2 million. ¹ The deal was announced on December 29, 2025. Kiciński bought 100% of the shares in GOG sp. z o.o. ²

The terms

Kiciński also co-founded CD Projekt and still holds 10% of its share capital, which makes him its second-largest individual shareholder. ¹³ The company says the purchase is fully financed through committed funding secured at closing and does not require him to sell any CD Projekt shares. ² GoodGame Advisors LLC advised CD Projekt on the transaction. ²

GOG had been part of the CD Projekt Group for more than 17 years. ¹² CD Projekt says the sale fits its long-term strategy and lets it put its full attention on RPGs and other entertainment built on its brands. ¹ Joint CEO Michał Nowakowski said the focus is now an ambitious development roadmap. ²

Independence, with ties

GOG will run independently and keep its DRM-free approach. ¹² CD Projekt and GOG signed a distribution agreement that sets terms for future cooperation, including a plan to release CD Projekt Red’s upcoming games on GOG. ² The Witcher and Cyberpunk 2077 stay on the store. ³

The business being sold is small. In the third quarter of 2025, GOG posted a net profit of about $478,000, after a loss of $278,000 a year earlier, according to GamesIndustry.biz. The main CD Projekt business posted $53 million. ³ GOG’s catalogue stands at more than 11,200 games. ³ Those figures are the company’s own, so they are what the sale price should be read against.

Kiciński said he is personally involved in a few retro-spirited games that he expects to appear on GOG in 2026. ¹² GOG management says it is doubling down on reviving classics and keeping them playable on modern PCs. ² The company states that the platform is financially stable and had an encouraging year. ³

In a later interview, Kiciński said the sale process was competitive and that he does not know who else bid. He said he suspects a US company was involved, and that he was not sure until the end that he would win. He added that he did not want GOG swallowed by a larger corporation. ⁴

Outlook

The next filings will show how a storefront that earned under $500,000 in a quarter looks without a parent company’s balance sheet behind it. CD Projekt’s next games are scheduled to arrive on GOG under the new agreement. ²

Our read: This is a tidy separation. CD Projekt sheds a unit that contributed very little to its profit, and GOG keeps the studio’s biggest titles through a contract rather than common ownership. The open question is whether an independent GOG can grow its own business, or stays a small shop that depends heavily on one very large tenant. Our earlier coverage looks at the publishing ambitions that may come next.

Footnotes

1. ign.com, “CD Projekt Sells GOG to Co-Founder for $25.2 Million”. Retrieved November 1, 2026. ↩ ↩² ↩³ ↩⁴ ↩⁵ ↩⁶

2. CD PROJEKT, “CD PROJEKT co-founder Michał Kiciński acquires GOG from CD PROJEKT”. Retrieved November 1, 2026. ↩ ↩² ↩³ ↩⁴ ↩⁵ ↩⁶ ↩⁷ ↩⁸ ↩⁹ ↩¹⁰

3. GamesIndustry.biz, “CD Projekt RED sells GOG platform to co-founder for $25 million”. Retrieved November 1, 2026. ↩ ↩² ↩³ ↩⁴ ↩⁵

4. GamesIndustry.biz, “The new owner of GOG discusses taking on Steam, the devil of DRM, and following in Nightdive’s footsteps”. Retrieved November 1, 2026. ↩