Take-Two Interactive no longer bidding on Codemasters, will continue to pursue “inorganic” opportunities
No more offers here, but options on other companies remain open.
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What you need to know
Back in November 2020, Take-Two Interactive looked toacquireracing publisher Codemasters with a $973 million bid in cash and stock. This deal was then upset by EAannouncinga $1.2 billion bid on Codemasters, which Take-Two Interactive has now responded to. Per apress release, Take-Two Interactive intends to lapse its offer for acquiring Codemasters. This means there will be no counter-bid.
Take-Two Interactive appears to still be interested in purchasing gaming companies however, as the press release states that the company “will continue to pursue selectively organic and inorganic opportunities,” with inorganic growth obviously referring to acquisition. Take-Two Interactive subsidiary Rockstar Games recentlyacquiredRuffian Games and rebranded it as Rockstar Dundee.
With Take-Two Interactive withdrawing, EA will likely complete its acquisition of Codemasters without issue. The video game industry is seeing a huge amount of market consolidation and acquisitions, with MicrosoftacquiringZeniMax Media and AT&T temporarily looking to sell WB Games.
Codemasters is a publisher and developer with a long history making racing games. Codemasters' latest title, Dirt 5, launched alongside the newest generation of consoles, theXbox Series X,Xbox Series SandPS5with120 frames-per-second support.
The latest off-road racer
Dirt is back again with Dirt 5, a more approachable racer than previous entries that intends to draw in old and new players alike with gorgeous graphics, addictive racing mechanics, and more.
Xbox Series X/S
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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.
