Take-Two is in talks to buy Codemasters For $970 million

Take-Two is in talks to buy Codemasters For $970 million

Although both sides have already confirmed that they are in talks, Take-Two has not yet made an official offer to the British publisher. However, the Board of Directors of Codemasters is going to unanimously recommend that its investors agree to the deal.

According to Tom Howard, a reporter for The Times, T2 is ready to buy out publishers known for DIRT, F1, Grid, and OnRush for 740 million pounds (about $ 972 million) in cash and stock.

Take-Two said that if the deal still takes place, Codemasters will be able to work more efficiently at the expense of the holding’s resources.

We believe that the collaboration between Take-Two and Codemasters can bring together two large world-class portfolios in interactive entertainment. Moreover, 2K and Codemasters can perfectly complement each other in the racing genre.

from the Take-Two Interactive statement

Codemasters entered the stock market in 2018 and has continued to expand since then. At the end of 2019, the company acquired the Studio Slightly Mad, developers of Project CARS, and later received a license to develop official rally simulators of the WRC championship.

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