Codemasters accepts £945m takeover offer from gaming giant EA
EA is gatecrashing an earlier £725m deal agreed between Codemasters and Take-Two Interactive
14 December 2020 • 10:11am
London-listed Codemasters has accepted a £945m takeover offer from Electronic Arts, after the Fifa developer trumped an earlier bid made by its US rival Take-Two Interactive Software.
Codemasters said it was planning to unanimously recommend the EA offer to shareholders, and withdraw its earlier recommendation that they accept a £759m bid from Take-Two, the company behind Red Dead Redemption.
Under the planned deal, outlined this morning, Codemasters shareholders will receive 604p per share, significantly higher than the company s closing share price on Friday of 534p.
Take-Two to buy Dirt 5 dev Codemasters for $973 million
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EA reportedly throws a wrench into Take-Two s Codemasters takeover
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PlayStation 5 Breaks Record for Highest Console Launch Month in the US
The PlayStation 5 has broken several records since its launch last month, including having the highest console launch since the PS4 in 2013.
According to NPD’s stats for November, the PlayStation 5 broke several records, including having the highest console launch month in the US.
“PlayStation 5 achieved the highest launch month unit and dollar sales for a video game hardware platform in U.S. history,” said NPD’s Matt Piscatella on Twitter. “The records were previously held by the PlayStation 4, which debuted in November 2013.”
US NPD HW – PlayStation 5 achieved the highest launch month unit and dollar sales for a video game hardware platform in U.S. history. The records were previously held by the PlayStation 4, which debuted in November 2013.