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Electronic Arts Reaches Agreement for Recommended Acquisition of Codemasters Group Holdings PLC |


Leader in Interactive Entertainment & UK-Based Game Developer & Publisher Set to Thrill Racing Fans
REDWOOD CITY, Calif.–(BUSINESS WIRE)–Today, Electronic Arts Inc. (NASDAQ: EA) announced that it has reached an agreement with the Board of Codemasters for the recommended acquisition of Codemasters, the UK-based game developer and publisher. In the transaction, Codemasters’ shareholders will be entitled to receive 604 pence (approximately US$7.98 ) in cash for each ordinary share of Codemasters with an implied enterprise value of US$1.2 billion . The acquisition is anticipated to be completed in the first quarter of calendar 2021.
“Electronic Arts and Codemasters have a shared ambition to lead the video game racing category. 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. We feel this union would provide an exciting and prosperous ....

United States , United Kingdom , Redwood City , Gerhard Florin , Rashid Varachia , Andrew Wilson , Frank Sagnier , John Reseburg , Chris Evenden , Global Communications , Liberum Capital , Electronic Arts Inc , Meagher Flom United Kingdom , Ubs Ag London Branch , Investment Bank , Exchange Commission , Electronic Arts , Financial Market Supervisory Authority , Corporate Communications , Jefferies International , Interactive Entertainment , United Kingdom Based Game Developer , Publisher Set , Thrill Racing , United Kingdom Based , Formula One ,

Electronic Arts Reaches Agreement for Recommended Acquisition of Codemasters Group Holdings PLC – Consumer Electronics Net


4 months ago
Leader in Interactive Entertainment & UK-Based Game Developer & Publisher Set to Thrill Racing Fans
REDWOOD CITY, Calif.–(BUSINESS WIRE)–Today, Electronic Arts Inc. (NASDAQ: EA) announced that it has reached an agreement with the Board of Codemasters for the recommended acquisition of Codemasters, the UK-based game developer and publisher. In the transaction, Codemasters’ shareholders will be entitled to receive 604 pence (approximately US$7.98 ) in cash for each ordinary share of Codemasters with an implied enterprise value of US$1.2 billion . The acquisition is anticipated to be completed in the first quarter of calendar 2021.
“Electronic Arts and Codemasters have a shared ambition to lead the video game racing category. 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. We feel th ....

United States , United Kingdom , Redwood City , Gerhard Florin , Rashid Varachia , Andrew Wilson , Frank Sagnier , John Reseburg , Chris Evenden , Global Communications , Liberum Capital , Electronic Arts Inc , Meagher Flom United Kingdom , Ubs Ag London Branch , Investment Bank , Exchange Commission , Electronic Arts , Financial Market Supervisory Authority , Corporate Communications , Jefferies International , Interactive Entertainment , United Kingdom Based Game Developer , Publisher Set , Thrill Racing , United Kingdom Based , Formula One ,