Take-Two Interactive has confirmed it's interested in acquiring the British developer Codemasters, known for its highly-regarded racing series' including Dirt, Dirt Rally and the Formula One franchise of games.
According to Video Games Chronicle, Codemasters said in an internal statement earlier today that Take-Two had made a non-binding proposal to acquire the entire share capital of the company, and its board intended to unanimously recommend that shareholders accept the offer, should it be made official.
In response, Take-Two told VGC that it felt "the combination of Take-Two and Codemasters would bring together two world-class interactive entertainment portfolios, with a highly complementary fit between 2K and Codemasters in the racing genre."
GamesIndustry.biz is reporting that the offer would value the company at £739.19 million ($973.48 million). No final offer has been made as of yet though, so we'll have to wait and see how this develops.
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