November 30, 2021

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EA swoops in to buy developer Codemasters over Take-Two for $1.2B

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In early November, publisher Take-Two Interactive expressed its intention to purchase developer Codemasters, and the two companies ultimately agreed to a deal that would see Take-Two hold ownership of the British developer. However, EA has decided to gate-crash the Take-Two / Codemasters party by placing its own, more lucrative bid. Similar to the deal Codemasters had previously agreed to, share prices play a substantial role in the purchase. Ultimately, EA has committed to purchase Codemmasters for a value of $1.2 billion, more than the $994 million Take-Two had offered. The surprising turn of events that EA may buy Codemasters was […]

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