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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 games, had agreed a deal with Codemasters in early November that initially valued the Warwickshire-based company at around £759m. EA’s purchase of Codemasters at a valuation above $1bn ranks the global gaming giant’s largest-ever deal. ....