Misc

Update: EA buys Codemasters for $1.2 billion

Update: EA have agreed to buy Codemasters for $1.2 billion. The takeover has been reported to happen in the first quarter of 2021.

Codemasters chairman, Gerhard Florin had this to say; “We feel this union would provide an exciting and prosperous future for Codemasters, allowing our teams to create, launch and service bigger and better games to an extremely passionate audience,”

EA’ CEO Andrew Wilson also added;

“Our industry is growing, the racing category is growing, and together we will be positioned to lead in a new era of racing entertainment.

“With the full leverage of EA’s technology, platform expertise, and global reach, this combination will allow us to grow our existing franchises and deliver more industry-defining racing experiences to a global fan base.”

Dec 14th – 7:30am we reported; According to Sky news sources. Electronic Arts has entered the negotiations table and kick start a bidding war for Codemasters.

Further to previous reports back in November, where we reported Take-Two interactive were in talks of buying the company. Nothing has really been said until now, with EA coming in with a substantial offer. Other than so claimed reports that some of the Codemasters share owners were dissatisfied with Take-Two.

No representatives could be contacted from EA and Codemasters declined to comment.

Source: Sky News

Categories:Misc, News

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