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F1 game developer Codemasters reaches $1.2B takeover deal with EA
Shareholders of Codemasters, the UK developer and publisher behind the popular Formula 1 gaming software, are set for a $1.2 billion windfall after the company reached a deal to be acquired by Electronic Arts. Codemasters had previously engaged in talks with Take-Two Interactive of Grand Theft Auto fame regarding a $994 million of the British game developer which is also known for its DIRT and GRID franchises. But a bidding war between EA and Take-Two has led to the former submitting an offer that assigns a $1.2 billion valuation to Codemasters. The deal is expected to close sometime in the forst quarter of next year. "Electronic Arts and Codemasters have a shared ambition to lead the...
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