In November, Take-Two was about to buy up racing specialists Codemasters for $ 980 million. However, the deal came to an end at the last minute when Electronic Arts made an even higher bid in December, after which Take-Two gave up its attempts in January. And now Electronic Arts has announced that the transaction has been officially completed.
For $ 1.2 billion (almost $ 10 billion!), Electronic Arts has now incorporated Codemasters into the organization. To celebrate, Electronic Arts has named itself the “home of racing games” in a tweet, the accompanying video of which lists brands that Dirt, Project Cars, F1 Mobile Racing, Grid, Project Cars Go, Dirt Rally, F1, Real Racing and Need for Speed, of which only the latter two series have been owned by Electronic Arts in the past (we also note that Burnoutseries continues to shine with its complete absence).
EA CEO Andrew Wilson says the companies’ “combined portfolio will allow us to create innovative, new experiences”, while Frank Sagnier, CEO of Codemasters, adds that the partnership with EA will allow our teams to take our acclaimed series to new players and reach a huge, global audience through their player network ”.
Here is Electronic Arts tweet about the acquisition of Codemasters.