News business Take-Two withdraws from Codemasters buyout race
Take-Two Interactive announces that it has let its offer ($ 870 million) for the purchase of Codemasters, lower than that made by Electronic Arts ($ 1.2 billion), expire, without proposing a counter-offer. The way is therefore clear for the British specialist in racing games to join the publisher of Need for Speed.
The communicated of Take-Two indicates, however, that the firm will continue to seek “organic and inorganic opportunities” in order to accelerate its growth.
Unless there is a further turnaround, EA will thus acquire Codemasters and its family of studios, namely three British studios responsible for F1 games, DiRT and GRID, Slightly Mad Studios (Project Cars) and two support teams based in India and Malaysia. Codemasters will also be responsible for the WRC license from 2023 .
“Our industry is growing and so is the racing games category, and together we will be able to lead a new era of entertainment.”, said Andrew Wilson, CEO of EA, last month. The acquisition is expected to be finalized later in the first quarter of 2021.
By Clementoss, Writing jeuxvideo.com