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Take-Two Interactive Software's Offer for Codemasters Group Lapses

By Ian Walker Take-Two Interactive Software, Inc. said Wednesday that its offer for Codemasters Group Holdings PLC has now lapsed following the U.K. videogames developer and publishers withdrawal of its recommendation last year. On Dec. 14, Codemasters agreed to a 945 million pounds ($1.29 billion) cash takeover from Electronic Arts Inc., and withdrew its recommendation for a GBP759 million offer from Take-Two Interactive that had been agreed in November. Take-Two Interactive said We...
Ian Walker Electronic Arts Inc Interactive Software Inc Codemasters Group Holdings Two Interactive Software Take Two Interactive

Take-Two Quits from the Rivalry to Acquire Codemasters After EA's Offer

Take-Two Quits from the Rivalry to Acquire Codemasters After EAs Offer Take-Two Interactive pulled its offer for acquiring Codemasters but will pursue other opportunities for the long-term growth of the company. Grid, but now it seems the parent company of 2K Games and Rockstar has no interest in making a new offer anymore. In a recent statement from Take-Two Interactive, while they didn’t exactly announce their withdrawal from Codemasters’ acquisition, they did mention that they will conti...
United Kingdom Andrew Wilson Strauss Zelnick Electronic Arts Take Two Quits Acquire Codemasters After

The future is digital -- right?

Did you get a physical game in a box for Christmas? Or better still, a new console? When it came to the new consoles you had two choices with either system: do you opt for the cheaper disc-less version, or the more expensive one that comes with an optical drive? For years we have heard that the future is an all-digital world where physical media is dying. With that in mind, you would think the obvious choice is opt for the cheaper console -- after all, why spend more money unnecessarily? That ...
New York United States United Kingdom Damian Abrahams Strauss Zelnick Jim Ryan

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 d...
United Kingdom Gerhard Florin Andrew Wilson Arkane Studios Bethesda Softworks Electronic Arts
Source: nme.com

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EA to buy Codemasters for $1.2 billion after outbidding 'GTA' publisher Take-Two

EA to buy Codemasters for $1.2 billion after outbidding GTA publisher Take-Two Ben Gilbert,ReutersDec 14, 2020, 22:23 IST The "Grid" racing series is one of several Codemasters racing franchises.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...
United States United Kingdom Gareth Jones Gerhard Florin Tanishaa Nadkar Andrew Wilson

LONDON MARKET CLOSE: Stocks Mixed As Investors Cheer Brexit Deal Hopes

LONDON MARKET CLOSE: Stocks Mixed As Investors Cheer Brexit Deal Hopes Mon, 14th Dec 2020 17:04 (Alliance News) - Stocks in London ended mixed on Monday, with a rise in financial and housebuilding stocks unable to help the FTSE 100 finish in the green, as the internationally-exposed index was hindered by sterling regaining some strength. The FTSE 100 index closed down 14.92 points, or 0.2%, at 6,531.83. The domestic-focused FTSE 250 ended up 141.87 points, or 0.7%, at 19,764.02, and the AIM Al...
New York United States France General United Kingdom Redwood City Bruxelles Capitale
Source: lse.co.uk

UK TOP NEWS SUMMARY: AstraZeneca In USD39 Billion Deal For Alexion

UK TOP NEWS SUMMARY: AstraZeneca In USD39 Billion Deal For Alexion Mon, 14th Dec 2020 10:58 (Alliance News) - The following is a summary of top news stories Monday. COMPANIES AstraZeneca, which is finalising a vaccine against Covid-19, said Saturday it was buying US biotech firm Alexion Pharmaceuticals for USD39 billion to boost its work on immunology. "Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases," AstraZeneca ...
New York United States Tverskaya Oblast Hong Kong United Kingdom White House
Source: lse.co.uk

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