Take-Two agrees to buy Codemasters for £ 759m

Take-Two officially decided to move forward with the intention of purchasing DiRT 5 Studio Codemasters has reached an agreement that the former will buy the latter in a deal of around £ 759m.

In a new press release issued today (via Business Wire), Take-Two CEO Strauss Zelnick said, “We are very pleased to announce this recommended deal with the Codemasters Board of Directors in a successful racing franchise. We believe that these products will greatly complement our sports portfolio and further accelerate the long-term growth of our organization, and we look forward to welcoming Codemasters’ senior management and development team to the Take-Two family. We share our vision of providing the highest quality entertainment experience and becoming the most innovative, creative and efficient company in the industry. “

Under the agreement, Codemasters CEO and CFO Frank Sagnier and Rashid Carachia will remain with the senior management team after the acquisition is complete and will continue to lead the studios within Take-Two’s organization. 2K label. The transaction is expected to be completed by the end of March 2021.

Codemasters latest game —DiRT 5— Released last week on the Xbox Series X | S released on Xbox One, PlayStation 4, and PC, PlayStation 5 will be released on November 12th (November 19th in the UK).

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