Sherif Saed, Monday, December 14, 2020, Greenwich Mean Time
EA seemed to intervene at the last minute to disrupt Take-Two’s acquisition of Codemasters.
Take two Has been following British developers and publishers Program manager for a while. Rockstar’s parent company confirmed its intention to acquire the studio for $994 million in November.
The issuer feels so confident in this move that it recommends investors to complete the transaction at the beginning of the new year. Unfortunately, she was There are other plans.
The FIFA issuer officially announced today that it has reached an agreement with the Codemasters board of directors to acquire the company for $1.2 billion. The move was originally reported by Sky News on Sunday, and EA confirmed the news this morning. Like Take-Two’s initial bid, the transaction will not be completed until the first quarter of 2021.
Codemasters believes that EA’s extensive expertise in field service operations will enhance the ability and influence of British developers, and that EA will acquire a large number of talents and technologies from various studios of Codemasters, which will help EA to focus on the sports field. Back to the field of racing.
EA CEO Andrew Wilson said: “With the full use of EA technology, platform expertise and global influence, this combination will enable us to develop our existing franchise and provide a global fan base. More industry-defined racing experience.”
Take-Two may be preparing to counter-offer, so it may become more interesting in the coming weeks.