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EA completes acquisition of F1 game developer Codemasters
Electronic Arts’ acquisition of Codemasters, the long-time producers of the official F1 video games, has been completed. EA has been in discussions with Codemasters regarding a takeover deal for several months, with the deal valued at $1.2 billion (£900m). Earlier this month, the bid was approved by Codemasters’ board of directors, with 63 of Codemasters’ 76 shareholders, accounting for over 98% of the company’s shares, approving EA’s acquisition. A court hearing was set for Tuesday, February 16, with the deal now complete following a delivery of a Court Order to the Registrar of Companies of England and Wales. Codemasters is now entirely owned by Codex Games Limited, a...
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