CODEMASTERS GROUP HOLDINGS PLC ( CODEMASTERS ) Irrevocable Undertakings executed by Codemasters Directors in respect of Proposed Acquisition by Codex Games Limited ( Bidco ), an indirect subsidiary of Electronic Arts Inc. Following the announcement from Take-Two Interactive Software, Inc. ( Take-Two ) on 13 January 2021 that it had, with the consent of the Panel, lapsed the Take-Two Offer, the irrevocable undertakings executed in favour of Take-Two by each of the Codemasters Directors who hold, or are otherwise beneficially interested in, Codemasters Shares to vote in favour of the Take-Two Offer have also now terminated. Codemasters today announces that Codemasters Directors who hold, or are otherwise beneficially interested in, Codemasters Shares, have entered into irrevocable undertakings with Bidco to vote in favour of the proposed acquisition of Codemasters by Bidco (the Acquisition ) at the Court Meeting and the General Meeting convened to be held on
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
EA to Buy Racing Game Developer Codemasters for $1 2 Billion, Outbidding Take-Two nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.
ELECTRONIC ARTS INC. (to be implemented by way of a scheme of arrangement under Part 26 of the Companies Act 2006) Summary The boards of Electronic Arts Inc. ( EA ) and Codemasters Group Holdings plc ( Codemasters ) are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition by Codex Games Limited ( Bidco ), an indirect subsidiary of EA, of the entire issued and to be issued share capital of Codemasters (the Acquisition ). It is intended that the Acquisition be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (or, if Bidco so elects, with the consent of the Panel, an Offer).