December 2, 2021

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Take-Two Interactive acquiring Codemasters in a $994 million deal

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Just a few days ago, Take-Two Interactive’s interest to acquire developer Codemasters came to light. That acquisition will now go ahead as planned, as the two companies have agreed to a deal that will place Codemasters under the Take-Two banner. The transaction puts an implied equity value of approximately $994 million on the British developer. That amount won’t all be paid up front, as the purchase is split between shares and a straight cash price. It’s still a huge sum though, as publisher Take-Two Interactive looks to expand with Codemasters in 2021. “We are exceedingly pleased to announce this recommended […]

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