There's been an interesting battle between EA and Take-Two in recent months for the acquisition of racing specialists Codemasters, but EA remains in the driving seat for now, with Take-Two pulling its original offer (thanks VGC).
Take-Two initially reached an agreement to acquire the studio back in November for around £750m ($980m), before EA stepped in with an accepted $1.2 billion bid in December, set to complete in the first quarter of 2021.
Take-Two hasn't announced whether it intends to put another bid together for Codemasters, but in a statement released this week, the company appeared to suggest it was moving onto other targets.
“Take-Two remains a highly disciplined organization and, with its strong balance sheet, will continue to pursue selectively organic and inorganic opportunities that are designed to enhance the Take-Two’s long-term growth and deliver results to its shareholders."
Assuming EA is successful at acquiring the developer, it means franchises such as Dirt, Dirt Rally, GRID and the official Formula One games will all be under the banner of Electronic Arts moving forward.
What are your thoughts on EA acquiring Codemasters? Let us know down in the comments below.
[source videogameschronicle.com]
Comments 10
RIP Codies... your games were cool.
Oh dear. Goodbye quality and fun, hello hidden transactions and crunches.
Well, I think this is a great news for the owners of gamepass ultimate. Whatever EA acquires, adds value to the gamepass ultimate.
Such a shame, I think Take Two could of done excellent things with Codemasters.. EA on the other hand is just gonna run that company into the ground
A VERY sad day and an infinitely sad state of affairs. R.I.P. Codemasters as we know it...
Let's wait and see, shall we? Back in 2015 Codies were so strapped for cash they had to release Dirt Rally on Steam in early access to get the money to finish it. They are in a good position with Dirt Rally 3 and the WRC licence they finally acquired. Don't count them out just yet.
Hope Take Two come back with a late offer. I’d rather they were in possession of Codemasters’ IPs than EA...lesser of two evils and all that.
Codemasters games have been some of my favorites the last couple gens. While I don't necessarily like them being under the EA umbrella, I'm willing to have a wait and see approach to see how it all pans out. Hoping they go back to Dirt Rally sometime this year or next!
Out of the two options I think I may prefer EA. They have multiple iconic racing IP's that Codemasters could do wonders with.
Sad to see such a legendary dev get bought out by either though.
Ugh!
I suppose they have to do something with all micro transaction money made on ultimate team.
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