Electronic Arts Outruns Take-Two in Codemasters Race - The T

Electronic Arts Outruns Take-Two in Codemasters Race - The Truth About Cars


Electronic Arts Outruns Take-Two in Codemasters Race
Electronic Arts said it had reached an agreement to buy Codemasters in a deal worth $1.2 billion, beating rival video games maker Take-Two Interactive Software to the finish line for the British company.
Codemasters shares surged 18.7 percent to $8.63, above EA’s offer of $8.17 per share. UK-based Codemasters, known for its Formula One, DiRT Off-Road Racing, Fast & Furious high-speed action, and Grid video games, said it considered the new bid to be superior to the $6.56 per share offer from Take-Two. Take-Two said it was considering its position.
Activision Blizzard Inc., Take-Two, and EA have all benefited from a surge in video game sales in the US, due in part to more people spending time indoors due to the pandemic. But could this trend reverse itself next year, as people begin vaccinating against COVID-19?

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