It was confirmed late last week that Take-Two Interactive was interested in acquiring racing specialists Codemasters, and now the two companies have reportedly reached a formal agreement in regards to the sale.
As reported by Video Games Chronicle, the terms of the deal values the Dirt 5, Dirt Rally 2.0 and F1 2020 developer at around £750m ($980m), and the acquisition is expected to be completed in the first quarter of 2021.
Here's what Take-Two CEO Strauss Zelnick had to say about the news:
“We are exceedingly pleased to announce this recommended transaction with the Board of Codemasters.
“Codemasters has a renowned history of creating some of our industry’s most beloved and commercially successful racing franchises, and we believe that their offerings will be highly complementary to our sports portfolio and enhance further our organization’s long-term growth.
“Moreover, we look forward to welcoming Codemasters’ senior management and development teams into our Take-Two family, and sharing in our vision to deliver the highest quality entertainment experiences and aim to be the most innovative, creative and efficient company in our industry.”
Codemasters chairman Gerhard Florin also commented on the deal, saying the company "will benefit from Take-Two’s broad capabilities which will help propel the long term success of Codemasters."
How do you feel about this? Give us your thoughts in the comments section below.
[source videogameschronicle.com]
Comments 6
Years from now we'll be asking who put Formula 1 races in our casino game
wonder if they'll be put onto Midnight Club 🤔
@Kopite as cool as that would be, I imagine very little will change at Codemasters. F1 (and maybe DiRT and DiRT Rally) will probably be rebranded under the 2K Sports banner and we'll probably see more miscrotransactions.
I have never even played a Codemasters game. But hopefully 2K doesn’t ruin them.
Ugh, is there a worse company than Take Two for anti consumer practices? Codemasters will be making racing as a service games filled with loot boxes and other gambling practices before we know it, not to mention those instant loading times promised this gen will be glogged up with adverts.
Honestly after seeing what happened to Dirt with Dirt 5 and all the DLC for Dirt Rally 2.0 I think they have lost their way and I don't think this acquisition could have any kind of negative impact on them anymore. They sold-out already.
Tap here to load 6 comments
Leave A Comment
Hold on there, you need to login to post a comment...