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Codemasters accepts £945m takeover offer from gaming giant EA
EA is gatecrashing an earlier £725m deal agreed between Codemasters and Take-Two Interactive
14 December 2020 • 10:11am
London-listed Codemasters has accepted a £945m takeover offer from Electronic Arts, after the Fifa developer trumped an earlier bid made by its US rival Take-Two Interactive Software.
Codemasters said it was planning to unanimously recommend the EA offer to shareholders, and withdraw its earlier recommendation that they accept a £759m bid from Take-Two, the company behind Red Dead Redemption.
Under the planned deal, outlined this morning, Codemasters shareholders will receive 604p per share, significantly higher than the company s closing share price on Friday of 534p.