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CDV Software

From Alfawiki
CDV Software Entertainment AG
Company typePublic (former)
IndustryVideo games
PredecessorCDV Software GmbH
Founded1989 in Karlsruhe, Germany
DefunctApril 12, 2010 (2010-04-12)
FateBankruptcy
Headquarters
Karlsruhe
,
Germany
Area served
Germany, United Kingdom, North America
ProductsVideo games

CDV Software Entertainment AG, originally known as CDV Software GmbH and branded as cdv, was a German publisher specializing in video games, established in Karlsruhe in 1989. The company went public in April 2000, listing on the Frankfurt Stock Exchange. During the early 2000s, it held the position of the leading German publisher within the national gaming market.

By 2006, CDV disclosed a balance sheet over-indebtedness amounting to EUR 1.9 million, which was offset by a subordinated loan of EUR 3.8 million obtained in 2005. The company pursued international growth by launching an office in the United Kingdom in 2008. Despite this expansion, financial troubles intensified, culminating in a preliminary insolvency filing in 2010 after SouthPeak Games failed to fulfill a settlement payment. With a shrinking workforce and falling stock value, CDV ultimately declared bankruptcy on 12 April 2010.

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