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While Take-Two's CEO had said just a few months ago that the company had no plans for lay-offs, things have swiftly changed. Now that Take-Two has acquired Gearbox Entertainment from Embracer Group, the company has reassessed its situation and unfortunately, it has led to the closure of two studios behind two beloved games. As reported …
While Take-Two was originally set to acquire racing game specialist studio ‘Codemasters’, EA eventually outbid them in the final hour of negotiations. As always though, these acquisitions take time to close and need to go through various approvals. All of that red tape has now been cleared, with Codemasters officially becoming an EA studio today. EA announced today that it has officially completed its acquisition of Codemasters, handing over roughly $1.2 billion in the process. With Codemasters under its wing, EA wants to become the premier motorsport publisher, with plans for a new game ...
EA Has Entered the Bidding War for Ownership of the Racing Game Developer About a month ago, Take-Two announced that they were in talks to purchase Codemasters in the new year. Well, unfortunately for Take-Two Interactive, Electronic Arts has thrown their hat in the ring to win the affection (and ownership) of Codemasters–and the hat they threw in just so happens to be worth a hefty $1.2 billion USD. While Take-Two’s bid of $973 million USD was no chump change and seemed to be a done deal, EA is offering a close to a 30% increase over the original bid. Codemasters is a United Kingdom-base...