EA's bid to acquire Codemasters continues to progress, as the directors of the Dirt, Dirt Rally and F1 studio have agreed to vote in favour of the $1.2 billion offer, with the decision now officially binding (thanks VGC).
That means if another company now comes in with a higher bid for Codemasters, the studio will reportedly still be required to go with EA's offer, unless Electronic Arts decides to pull out of the deal.
The next step is for Codemasters' shareholders to approve the bid, which the developer's board has unanimously suggested they do, with a meeting to be held on February 3rd. Should those shareholders agree, there will be a court hearing to sanction the deal on February 16th. It's all getting very real now!
How do you feel about EA taking over Codemasters? Give us your thoughts in the comments.
[source videogameschronicle.com]
Comments 7
Codemasters would of been way better off if they were acquired by Take Two..
I still don’t get this acquisition.
Correct me if I am wrong.....but all they make are racing games, correct? And EA already has the Need For Speed & Burnout IPs? 🤔
This is an absolute disaster if you ask me. EA are scum.
From a business point of view this makes sense to get a well respected studio improve thier racing portfolio will little to no effort. I still expect a lot more MTX/online focus in upcoming "EA Codemasters" games though.
OMFG, EA is going to ruin them. Look what happened to Criterion. 😢
@Darylb88 Except EA is probably just going to force them to develop a couple of lame NFS games then they will shut down the studio.
I doubt that, they purchased CM because they have decent profit margins. Its all about getting ready made studios to minimise cost and maximise profits. They may get rid of some CM management though
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