Games

EA rushes to surpass Take-Two and buys Codemasters for $ 1.2 billion

Electronic Arts has announced that it has reached an agreement with Codemasters’ board of directors to acquire the developer for $ 1.2 billion (£ 945m). DiRT 5 Acquired by developers Grand Theft Auto Publisher Take-Two Last month.

It is understood that the Codemasters board withdrew its agreement on Take-Two’s low-priced offer late last night, and SkyNews first said, “When evaluating EA’s offer, the Codemasters board varies. We considered aspects of the EA offer, which we consider to be a better offer for Codemasters shareholders compared to the Take-Two offer. “

In a press release (via Business Wire), EA brings Codemasters expertise to “global. Need for Speed Franchise, fan favorite Real racing The Mobile Games and EA SPORTS brands are meant to innovate the racing market and leverage EA’s deep expertise in live service operations, game analytics and technology.

Take-Two (Thanks, VideoGamesChronicle) says, “We are considering our position in relation to Codemasters and will announce more if necessary.” It remains to be seen if this could lead to a last-minute bid war for developers.

If not, the sale is expected to close in the first quarter of 2021, and the company’s senior management team is expected to remain with Codemasters after completion and “continue to lead the Codemasters business within EA’s organization.” .. “

The latest release of Codemasters was pretty good Dirt 5Currently available on Xbox Series X | S, Xbox One, PlayStation 5, PlayStation 4, and PC.

https://www.videogamer.com/news/ea-swoops-in-to-outbid-take-two-to-acquire-codemasters-for-12-billion

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