Take-Two Interactive is acquiring Codemasters, deal to be completed in 2021
Two publishers might soon be one.
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Update, November 10, 2020 (9:12 a.m ET): The deal has been agreed upon, for a total value of $994 milllion in both cash and Take-Two Interactive stock. The deal will close sometime in 2021.
Codemasters is one of the oldest U.K. game developers and publishers, first founded in 1986. Now, it appears that publisher Take-Two Interactive is looking to acquire Codemasters for $973 million. Thepress releasenotes that Take-Two Interactive would be paying roughly $1.58 per share in cash, with an additional rough $4.82 per share in Take-Two stock.
Take-Two has until December 4, 2020 at 12:00 p.m. ET to finalize the offer and terms. Take-Two’slatest financialsindicate the company is expecting to make $3 billion by the end of the year. Earlier in 2020, Take-Two confirmed that it hadacquiredScottish developer Ruffian Games, which has been renamed Rockstar Dundee and integrated into Rockstar Games.
With the Rockstar Games, Private Division and 2K Games divisions under Take-Two, the publisher is clearly looking to step into the world of racing titles with the possible acquisition of Codemasters. Codemasters has hundreds of staff and has worked on major racing franchises like Dirt and F1, with the upcoming Dirt 5 a launch title for theXbox Series X,Xbox Series SandPS5.
Update, November 10, 2020 (9:12 a.m ET) — Deal agreed upon
Take Two Interactive and Codemasters came to anagreementfor a deal worth $994 million in both cash and Take-Two stock. Take-Two Interactive will be acquiring Codemasters, with the deal closing sometime in 2021.
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Samuel Tolbert is a freelance writer covering gaming news, previews, reviews, interviews and different aspects of the gaming industry, specifically focusing on Xbox and PC gaming on Windows Central. You can find him on Twitter@SamuelTolbert.
