The acquisition is said to be a “very complementary fit.”
Grand Theft Auto and Borderlands publisher Take-Two Interactive are currently in talks to acquire Codemasters, a British publisher and developer responsible for dirt and F1.
Take-Two, which already owns publishing label 2K, Rockstar Games and Private Division, has made a non-binding offer to acquire all of Codemasters’ equity capital in an internal statement released today, VGC reports. Announced.
If Take-Two decides to continue the offer after the confirmed due diligence is complete and other conditions are met, Codemasters intends to unanimously recommend that the board accept the transaction to shareholders. It states.
Take-Two confirmed the news in a statement filed with VCG, and with this acquisition, “two world-class fits between 2K and Codemasters in the racing genre are very complementary. The interactive entertainment portfolio will be integrated. “
Take-Two Interactive needs to announce its firm intention to make an offer to Codemasters until December 4, this year.