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Investegate |Codemasters Grp Hldg Announcements | Codemasters Grp Hldg: Scheme of arrangement Effective and Board changes
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Important notices relating to financial advisers Jefferies International Limited ( Jefferies ) which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Codemasters as financial adviser and for no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the matters referred to in this announcement and will not be responsible to anyone other than Codemasters for providing the protections afforded to its clients or for providing advice in relation to the Acquisition or any other matter or arrangement referred to in this announcement. Neither Jefferies, nor any of its affiliates, owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Jefferies in connection with this announcement, any statement contained he
EA Reaches Agreement To Purchase DiRT Developer Codemasters for $1.2 Billion
The agreement comes just a month after Take-Two Interactive agreed to buy the developers.
Borderland’s 2K Games, looked set to acquire UK studio Codemasters. While the deal was yet to be finalised, a fee of $994 million had been agreed and it looked as though it was all but complete. In a shocking turn of events, however, that deal now looks to be off the table, as EA has confirmed they have reached a deal to buy the company for a staggering $1.2 billion.
In their statement, EA said:
“We believe there is a deeply compelling opportunity in bringing together Codemasters and Electronic Arts to create amazing and innovative new racing games for fans. Our industry is growing, the racing category is growing, and together we will be positioned to lead in a new era of racing entertainment. We have admired Codemasters’ creative talent and high-quality games for many years. With the full leverage of EA’s t
Codemasters To Recommend Electronic Arts Offer
REDWOOD SHORES (dpa-AFX) - The board of directors of Codemasters confirmed that it has withdrawn its recommendation of the offer for Codemasters made by Take-Two Interactive Software, Inc. (TTWO). The decision follows the announcement of a recommended cash offer for Codemasters by Codex Games, an indirect subsidiary of Electronic Arts. Codemasters said it intends unanimously to recommend the Electronic Arts offer. The EA offer price of 604 pence per share in cash represents an aggregate value of 945 million pounds.
The Codemasters Board proposed to adjourn the Court Meeting and the Codemasters General Meeting to be held on 21 December 2020.
EA to Buy Racing Game Developer Codemasters for $1 2 Billion, Outbidding Take-Two
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