From PC Mag: Take-Two Interactive, which already owns high-profile developers including 2K and Rockstar Games, has announced its intention to acquire UK-based publisher and developer Codemasters.
An agreement between the two companies has been reached which values Codemasters at $994 million, with Take-Two aiming to complete the acquisition in the first quarter of 2021.
"We are exceedingly pleased to announce this recommended transaction with the Board of Codemasters," said Strauss Zelnick, Chairman and CEO of Take-Two. "Codemasters has a renowned history of creating some of our industry's most beloved and commercially successful racing franchises, and we believe that their offerings will be highly complementary to our sports portfolio and enhance further our organization's long-term growth. Moreover, we look forward to welcoming Codemasters' senior management and development teams into our Take-Two family, and sharing in our vision to deliver the highest quality entertainment experiences and aim to be the most innovative, creative and efficient company in our industry."
View: Full Article