EA is reportedly trying to outpace Take Two’s offer to buy nearly $ 1 billion in Codemaster

Electronic Arts is said to be surpassing Take-Two Interactive’s nearly $ 1 billion offer to acquire Codemasters, the developer of the dirt, F1 and project car racing franchise. As Sky News reported, the EA “submitted a potential knockout bid for Codemasters. Last month, it defeated an offer agreed with Red Dead franchise maker Take-Two Interactive Software.”Take-Two’s attempt to acquire Codemasters was announced in November and the EA is said to be aiming to surpass the £ 725m offer made.

EA’s offer hasn’t been revealed, but Sky News is working with UBS bankers to make the offer, which is likely to be disclosed to the stock market on Monday, December 14, “quite for Codemasters. It will be a “premium”. Friday closing price 534p. “

Take-Two’s offer is a cash and stock transaction, which means that the value of the offer will fluctuate depending on the stock market. In addition, one fund manager who owns Codemasters reportedly complained about Take-Two’s trading because of its stock components and a relatively modest premium for the undisturbed stock price of British companies. I am. “

The best racing game ever

Codemasters’ latest game, Dirt 5, was released at the same time as the PlayStation 5 and Xbox Series X / S. In our Dirt 5 review, “It represents the complete about face of the main Dirt series and supports a shy, arcade-inspired racing experience that draws from almost every influence that can be named. Removes almost all similarities in the simulation, except for its immediate predecessor.

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Adam Bankhurst is an news writer. You can follow him on Twitter @AdamBankhurst And on Twitch.


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