Koch Media, the German media firm whose subsidiaries include video game publisher Deep Silver, took to Twitter over the weekend to deny a report that the company is for sale.
Citing "two people familiar with the transaction," the German-language newspaper Handelsblatt reported on July 4 that Koch Media had put itself up for sale. According to Handelsblatt, Koch had hired the investment bank UBS to help secure a buyer.
Koch denied the report July 4 in a message on Deep Silver's official Twitter account, saying, "We are happy to say that Koch Media (including its premium games publishing label Deep Silver) is well-financed, profitable, and a stable and growing business in the entertainment industry.
"Independent companies like us understandably attract interest," Koch continued. "But we are not for sale." In fact, Koch noted that it is "always on the lookout" for opportunities to acquire other companies.
Munich-based Koch Media was founded in 1994 by Franz Koch and Dr. Klemens Kundtratitz; Dr. Kundratitz is currently the company's CEO. Franchises published under the Deep Silver label include Saints Row and Dead Island.