Take-Two confirms the acquisition of Codemasters, here are all the details

Take-Two Interactive Software, the American giant distributor of important video games such as Grand Theft Auto confirmed the purchase of the British company Codemasters, specialized in racing games such as F1 e Dirt. The news was communicated in a note to investors, which stated that the agreement will value the company of Codemasters for a value of 759 million pounds (about 994 million dollars). The deal is expected to close in the first quarter of 2021. Strauss Zelnick, head of Take-Two, said:

We are extremely pleased to announce this transaction with Codemasters developers. We also look forward to welcoming Codemasters senior management and development teams to our Take-Two family and sharing our vision to deliver the highest quality entertainment experiences and aim to be the most innovative, creative and efficient company. of our sector.

The president of Codemasters, Gerhard Florinhe then added:

With a leadership position in sports games, Codemasters 'board of directors firmly believes that the company will benefit from Take-Two's broad capabilities that will help propel Codemasters' long-term success. In the choice of this acquisition proposed to the shareholders, the Codemasters group believed that this took place in the best interest of all the company's stakeholders.

The news that Take-Two and Codemasters were in talks for a potential sale had already been circulating last week. This is the second UK acquisition Take-Two has made in recent months, after the company's Rockstar label acquired Ruffian games last October, giving birth to Rockstar dundee. The most recent release from Codemasters is the rally title Dirt 5, launched on November 5th, title developed for  4 PlayStation, Xbox One and PC, but also coming out on the next generation on PlayStation 5 e Xbox Series X | S. We just have to wait to find out what new titles will be born from this collaboration.

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