It was back in December that EA placed a $1.2 billion offer for racing specialists Codemasters (surpassing Take-Two's original bid for the studio), and now the deal has officially been completed.
As a result, the DiRT, Formula One, GRID and Project Cars franchises all belong to EA, "enabling greater innovation and increasing the capability to deliver content and experiences to a truly global audience for racing entertainment."
According to EA, the acquisition of is part of the company's growth strategy "focused on delivering more exceptional experiences and top live services, and reaching more players on more platforms around the world." As previously revealed, the acquisition of Codemasters has an implied enterprise value of US$1.2 billion.
Here's what EA CEO, Andrew Wilson, had to say in a press release:
“This is the beginning of an exciting new era for racing games and content as we bring together the talented teams at Electronic Arts and Codemasters.
Racing fandom continues to grow worldwide, and the franchises in our combined portfolio will enable us to create innovative new experiences and bring more players into the excitement of cars and motorsport. Our teams will be a global powerhouse in racing entertainment, with amazing games for players on every platform, and we can’t wait to get started.”
How do you feel about Codemasters joining EA? Tell us down in the comments.
Comments 19
Beginning of an era I won't be buying Code Masters' games. Can't even think of the last game from EA I bought. Titan Fall 2 probably.
They should of sold to Take Two..
When I read the words “Codemasters is now officially owned by EA” part of me actually wants to be sick. A sad, sad day for racing fans everywhere 🙁
Yea and it isn't an era anyone wanted. Goodbye Codemasters.
Farewell CodeMasters. Expect future games packed with microtransactions.
"This is the beginning of an exciting new era"
More like the beginning of the end...
"EA, swallow EVERYTHING"
I see many EA-Access games coming =)
Finished studio
R.I.P. Code masters 1984 - 2021. I cannot understand why anyone would want to sell their stuff to EA. I guess like Gordon Gekko says Greed is Good. Sadly though it's not good for the consumer.
That's it, I imagine EA is going to force them to make a Need for Speed or two then they are going to shut them down like they do with everyone they have acquired.
RIP Codemasters, 1984 - 2021
As a racing fan it sucks to know that I will never buy another game by them ever again as I refuse to buy anything associated with EA these days, although with EA in control I doubt they will ever produce anything good ever again.
@Tasuki Honestly this is really killing my desire to get into next gen gaming, I still haven't bought a next gen console and at this rate I won't have any games to get me interested enough to even want one. I guess Forza is really gonna have to step up with something great, and there is no question how if I do get a next gen console I will simply get a Series X as a Game Pass machine because forget buying the kind of games they are offering these days.
@JayJ Forza is already a great game.
@InterceptorAlpha
Burnout Paradise Remastered for me, and they didn't make much money off my sale.
@Tasuki Yeah I mean for next gen, like a Forza Horizon 5.
I was never into racing games, so for me it's no big issue!
On one hand, it feels like a farewell now to Codemasters.
On a selfish side, I hope this means their previous games getting added to EA Play/Game Pass.
Why does EA get so much hate? It's become almost a meme at this point.
Not trolling BTW, genuinely curious. Are they any worse than any of the other big publishers?
I think this will increase the value of Xbox Game Pass that already incudes EA games. Xbox will also encourage EA to produce good racing games. I'm kind of surprised Xbox hasn't bought EA outright yet, but maybe they don't need to. I'm kind of hungering for Xbox to buy out Ubisoft and CD Projekt Red to save those companies from their own mismanagement.
@Lionyone Ubi for me
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