Games

Code Master in Negotiations with Take-Two Over Takeover

Codemasters, the legendary British publisher behind the recently released DIRT5, has confirmed that it is in talks with Take-Two about a potential acquisition. Video Games Chronicle reports that an internal statement has revealed that there is a conversation between the company and the parent company of 2K Games. The number currently being thrown is £ 740 million (about $ 973 million).

Take-Two needs to push, but it’s important to note that nothing has been officially announced yet. The Codemasters board has stated that it encourages shareholders to accept offers. Take-Two explained in a comment sent to VGC that the potential acquisition “integrates two world-class interactive entertainment portfolios.”

In addition, “Take-Two leverages Take-Two’s global distribution and 2K core operational expertise in publishing, including live operations, analytics, product development, brand and performance marketing, to help Codemasters perform. We believe we can bring benefits. ”Codemasters currently holds F1 and WRC license rights and may be suitable for the treatment of 2K Sports.

Of course, there’s a long way to go to complete this, but the video gaming industry continues to show signs of integration. Microsoft has been moving for the past two years, leading to the acquisition of Bethesda. Meanwhile, Warner Bros. interactive arms have recently been on the market, but no takers.

https://www.pushsquare.com/news/2020/11/codemasters_in_talks_with_take-two_over_takeover

Back to top button