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.”
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