EA is buying Codemasters for $1.2 billion

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zoozi

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Electronic Arts has agreed to buy out UK developer Codemasters in a move that could see the US publishing giant wrest control of the racing video game genre. The deal is expected to close in the first quarter of next year for £6.04 (~$7.98) a share, valuing Codemasters at around $1.2 billion.

Sky News first reported EA’s interest in Codemasters over the weekend, saying that the British company had previously agreed a $970 million deal with Rockstar Games and 2K Sports owner Take-Two Interactive. EA confirmed the agreement early Monday morning.

Codemasters is one of the oldest British game developers, having been founded in the ‘80s and producing early hits like Dizzy for systems that were popular in the UK like the ZX Spectrum and the Commodore 64. In recent decades it’s been best known for creating racing games like the Dirt, Grid, and Formula 1 series, and last year acquired the developer behind Project Cars.

www.theverge.com

EA is buying Codemasters for $1.2 billion to take lead in racing game market

Take-Two was reportedly outbid
www.theverge.com www.theverge.com

:crying:
 
Guess it's a race to buy as many Devs as possible now.
 
I refuse to buy games from toxic companies. Thankfully I'm well provided with Indy games.
 
Oof.
Like player cards in Fifa, I forsee car cards and crap like that
Build you racing team with all new car packs, driver packs and pit crew packs.
 
I play Dirt 3 & 4. Would like to get 5 too.
4 has better car handling than 3.
3 however has a way better fun factor.

Project cars isn't my scene.
The early years of Codemaster games were great too.
 
I only care about the Dirt Rally IP from Codies. I really hope that EA won't just cut that, but their track record doesn't give me much hope.
 
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