Games

EA is currently buying Codemasters for $ 1.2 billion

Hope this sunny Monday afternoon is ready for some big business. Last month, Take-Two Interactive announced plans to buy Dirt developer Codemasters for a whopping £ 759m. But that doesn’t seem to happen anymore. Another game megacorp, Electronic Arts, is ready to buy instead. They raided with a cheeky £ 914m offer to Codemasters. Codemasters plans to close the deal with EA early next year.

Grand Theft Auto publisher Take-Two initially valued Codemasters at around £ 739m (about $ 973 million), while EA was £ 914m (about $ 1.2 billion). The dollar) rating exceeded that. This is just more money than I can move my head.

The EA and Codemasters say they have reached an agreement now, but they will not be finalized until the first quarter of 2021. Therefore, Take-Two still has time to create counter offers, if needed.

“Electronic Arts and Codemasters have a common ambition to lead the video game racing category,” Codemasters Chairman Gerhard Florin said at a press conference. Yeah, that makes sense. The EA has released a lot of Need For Speeds and Burnouts, but Codemasters has made a lot of F1 and Dirt games (like Dirt 5 released just a few weeks ago).

“We believe this union will provide Codemasters with an exciting and prosperous future, enabling teams to create and launch bigger, better games and serve highly passionate viewers. “We do,” Florin adds.

EA CEO Andrew Wilson also seemed quite happy with the whole thing. He states: “We believe there is a very fascinating opportunity to bring Codemasters and Electronic Arts together to create amazing and innovative new racing games for our fans. Our industry is growing. The racing category is also growing, and together we are in a position to lead a new era of racing entertainment. “

There were a huge number of game business purchases this year. In particular Microsoft purchased Bethesda. But I don’t think we should celebrate such a big acquisition. Graham warned about this sort of thing last year, saying, “Stop worrying about timed monopolies and worry more about the integration of the gaming industry.”

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Sorry Take-Two, it looks like EA are buying Codemasters now

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