EA is ahead of Take-Two Interactive to buy Dirt Publisher Codemasters. In a press release, EA said it had reached an agreement with Codemasters’ board of directors to offer $ 1.2 billion worth of transactions. The EA expects the deal to close by the first quarter of next year, April.
However, while this is all in progress, there are still some issues. The Codemasters board has accepted the proposal, but it requires a shareholder vote. Take-Two Interactive may come back with another offer, but for now, the board recommends shareholders to hire EA.
Codemasters Chairman Gerhard Florin describes the deal as “benefiting EA’s knowledge, resources, and broad global scale overall, especially within the racing sector.” “By maximizing EA’s technology, platform expertise, and global reach,” EA CEO Andrew Wilson said the deal will enable “EA’s growth.” [its] It provides the world’s fan base with existing franchises and racing experiences that define more industries. “
The news follows GTA publisher Take-Two Interactive’s own bid to buy Codemasters. In a press release issued shortly after the EA news was released, Take-Two said he was “considering his position in relation to Codemasters” and would make “further announcements” as needed. I did.
Codemasters is the developer and publisher of the most popular racing series on the market, from dirt to F1. As the acquisition progresses, Codemasters will join Team EA’s Burnout and Need for Speed developer standards.