Electronic Arts Bought Codemasters For $ 1.2 Billion
Electronic Arts has reached an agreement to buy the British game developer Codemasters. The company, which will pay $ 1.2 billion for the sales transaction, stated that it expects the sales transaction concluded in the first quarter of 2021.
Electronic Arts, one of the important names in the video game industry, has taken a new step that will affect the future of the video game industry. The company signed a $ 1.2 billion preliminary agreement for the acquisition of UK-based game developer Codemasters. According to the statements made by the Electronic Arts team, the purchase process will be completed in the first quarter of 2021.
Actually, Take-Two Interactive and Electronic Arts have been after Codemasters for a while now. Take-Two even offered $ 994 million for the studio in November. However, Electronic Arts surpassed Take-Two‘s offer. It is uncertain whether Take-Two Interactive will make a new offer or not. However, Electronic Arts and Codemasters already signed a pre-agreement. So Take-Two doesn’t have a chance anymore.
As a matter of fact, Electronic Arts General Manager Andrew Wilson stated that he has long admired Codemasters‘ talent. He is very happy with this acquisition. Stating that Electronic Arts is an important and experienced company for the sector; Wilson emphasized that a much more unique experience will be offered to players. Along with the racing games that will be released after this acquisition.
Similarly, a statement came from Codemasters President Gerhard Florin. Electronic Arts‘ knowledge and resources are not open to discussion according to Florin; he also said that this cooperation will also offer significant advantages for Codemasters. Neither company provided detailed information about the future status of Codemasters employees. In addition, no official statement came from Take-Two Interactive on the subject.