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Codemasters Agrees to $1.2 Billion Counterbid From EA
Giles Turner, Bloomberg News Attendees sit at banks of gaming machines playing the Need For Speed Heat racing game at the Electronic Arts Inc. (EA) gaming area during the Gamescom computer games industry event in Cologne, Germany, on Tuesday, Aug. 20, 2019. Gamescom is the world s largest gaming convention and runs from August 20 to 24. , Bloomberg
(Bloomberg) Codemasters Group Holdings Plc has agreed to a $1.2 billion bid from Electronic Arts Inc., which topped a $956 million offer from Take-Two Interactive Software Inc.
The London-traded producer of racing video games said its shareholders will receive 604 pence in cash for each ordinary share of Codemasters, according to a statement on Monday. The rival offer could spark a bidding war for the maker of the popular Formula 1 racing franchise, after video game makers have soared in value with consumers stuck at home due to