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Electronic Arts to Buy Codemasters in $1.2 Billion Deal, Will Deliver An Industry-Defining Racing Experience FOLLOW US ON: Video games maker Electronic Arts said on Monday that it has reached an agreement to buy Codemasters in a deal worth $1.2 billion (roughly Rs 8,836 crores), trumping an earlier agreement between the British company and rival Take-Two Interactive Software. Shares in London-listed Codemasters surged 18.7 percent to 637.84 pence by 08:45 GMT – above the 604 pence per share o...

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 &nbsp 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 bi...

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 d...

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...

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US Market Open: Indices to open higher on vaccine and stimulus hopes US markets are to be buoyed by optimism over the start of the country’s vaccination programme and on hopes new fiscal stimulus can be introduced this week. Share: US indices are set to open higher today as the first coronavirus vaccine begins to be rolled-out in the US and on higher hopes that a new fiscal stimulus package can be introduced this week. European markets...

Electronic Arts has agreed a deal to acquire Codemasters for approximately $1.2 billion. The acquisition, which is expected to complete in the first quarter of 2021, is based on a price of $7.98 per share for the UK publisher. In explanation for the deal, Codemasters chairman Gerhard Florin said that both companies "have a shared ambition to lead the video game racing category." "We feel this union would provide an exciting and prosperous future for Codemasters, allowing our teams to create, la...

Grid/Codemasters Electronic Arts, the American video game publisher behind major gaming franchises like "FIFA," "Madden," and "Need for Speed," is dropping $1.2 billion on the British video game company Codemasters. The company outbid another American video game publisher, Take-Two Interactive, which previously announced intentions to acquire Codemasters for just shy of $1 billion on November 10. Codemasters is a legacy video game publisher thats most well-known la...

Codemasters said it has “shared ambitions to lead the video game racing category” with California-based EA. “The board of Codemasters firmly believes the company would benefit from EA’s knowledge, resources and extensive global scale — both overall and specifically within the racing sector,” it said in a statement. EA’s offer marks a hammer blow for a planned cash-and-stock deal agreed between Codemasters and Take-Two last month. Take-Two, parent of the Grand Theft Auto and NBA 2K...

Electronic Arts outbids Take-Two with US$1.2 billion deal for Codemasters Toggle share menu Advertisement Electronic Arts outbids Take-Two with US$1.2 billion deal for Codemasters Video games maker Electronic Arts said on Monday it had reached an agreement to buy Codemasters in a deal worth US$1.2 billion, trumping an earlier agreement between the British company and rival Take-Two Interactive Software. An Electronic Arts office is shown in Los An...