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EA to buy racing games maker Codemasters in $1 2 billion deal

EA to buy racing games maker Codemasters in $1.2 billion deal The deal is expected to be done in the first quarter of 2021. Gaming   US-based video games firm Electronic Arts on Monday disclosed that it has reached an agreement to buy Codemasters in a deal worth $1.2 billion. Back in November, Take-Two Interactive, the owner of 2K and Rockstar Games, announced that it had reached an agreement with the Codemasters board. The deal valued the racing studio at a little under $1 billion. 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 into a new era of racing entertainment, said Andrew Wilson, CEO EA.

Electronic Arts to buy F1 game developer Codemasters

Electronic Arts to buy F1 game developer Codemasters PlanetF1 14/12/2020 © Getty Images Virtual Grand Prix Codemasters Codemasters, the company responsible for the current generation of Formula 1 games are to be bought out by Electronic Arts. British video game developer Codemasters have developed the annual Formula 1 game since their first release in 2009, though they haven’t always earned the greatest of reviews. Indeed over the years Codemasters’ Formula 1 games have become known for some of the craziest glitches you will see in the video game industry, though the F1 2020 release was seen as a strong step forward, both in terms of the bugs and the simulation experience of real-world Formula 1.

Electronic Arts to rev up racing game field after buying Codemasters for $1 2bn

We feel this union would provide an exciting and prosperous future for Codemasters. The stable of games at California-headquartered EA ranges from popular franchises based on real-world sports such as Fifa to shooters, fantasy and Star Wars games. Formula 1 and Dirt racing video games. 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, EA chief executive Andrew Wilson said in the release. Our industry is growing, the racing category is growing, and together we will be positioned to lead in a new era of racing entertainment.

EA reaches deal to buy Codemasters for $1 2billion

EA reaches deal to buy Codemasters for $1.2billion ‘Need For Speed’, ‘Dirt’, ‘Burnout’, ‘Grid’ and more will soon be under the same roof EA. Credit: Daniel Boczarski/WireImage Electronic Arts has reached an agreement with the board of Codemasters to purchase the British game developer for US$1.2billion. The gaming giant officially announced the deal on Monday, December 14, with acquisition of the game studio expected to close in the first quarter of 2021. The deal comes just a day after it was first reported that EA was putting together an offer for Codemasters, despite the developer already having agreed to Take-Two Interactive’s US$1billion offer in November.

Все ради гонок Компания EA перехватила у Take-Two британского разработчика компьютерных игр

Все ради гонок Компания EA перехватила у Take-Two британского разработчика компьютерных игр
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