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EA reaches agreement to purchase racing developer Codemasters
Posted on 12/14/20 at 10:24 am
Posted on 12/14/20 at 10:24 am
LINK
quote:
Electronic Arts reached an agreement on Monday to buy U.K. racing game developer Codemasters in a deal worth $1.2 billion.
The deal upstaged a previous transaction agreed between rival publisher Take-Two Interactive and Codemasters. The firm had agreed to acquire Codemasters for £726 million ($971 million) only last month.
“The Codemasters Board has considered various aspects of the EA Offer and considers the EA Offer to represent a superior offer for Codemasters’ shareholders as compared with the Take-Two Offer,” the British firm said in a release.
EA said Codemasters’ shareholders would receive £6.04 in cash for each ordinary share of Codemasters. The deal is expected to be completed in the first quarter of 2021, EA added.
The acquisition of Codemasters marks the biggest deal in EA’s history, and comes amid increasing consolidation in the video game industry as the coronavirus pandemic has accelerated demand for gaming.
This post was edited on 12/14/20 at 10:35 am
7
Posted on 12/14/20 at 10:31 am to sicboy
On one hand, Codemasters is pretty much the only dev I can think of (outside of the people that make Forza and GT) who regularly push out racing games that aren't straight up sims, so RIP to the racing game genre.
On the other hand, I'm sure EA wants a piece of the F1 pie and to a certain extent WRC. I would also say that maybe some combination of Slightly Mad and Codemasters can work on the NFS franchise going forward. Ghost Games proved too incompetent, and I doubt gutted, modern day Criterion will do much better.
On the other hand, I'm sure EA wants a piece of the F1 pie and to a certain extent WRC. I would also say that maybe some combination of Slightly Mad and Codemasters can work on the NFS franchise going forward. Ghost Games proved too incompetent, and I doubt gutted, modern day Criterion will do much better.
Posted on 12/14/20 at 10:34 am to BulldogXero
quote:
modern day Criterion
need my burnout games
Posted on 12/14/20 at 12:38 pm to sicboy
Damn that’s terrible
Posted on 12/14/20 at 12:58 pm to sicboy
They killed my baby, SimCity
Posted on 12/14/20 at 1:34 pm to sicboy
God damnit.
At least DirtRally 2.0 and Dirt 5 were released before this.
frick EA.
At least DirtRally 2.0 and Dirt 5 were released before this.
frick EA.
Posted on 12/14/20 at 1:36 pm to sicboy
Kiss of Death
Posted on 12/14/20 at 1:38 pm to sicboy
I miss the PS2 days when EA was great at making sports games and had a nice selection of sports games to choose from.
Posted on 12/14/20 at 1:55 pm to Broski
I miss the Genesis days when EA was publishing shite left and right that was occasionally very playable.
King’s Bounty, the precursor to Heroes Of Might And Magic, for the win.
King’s Bounty, the precursor to Heroes Of Might And Magic, for the win.
Posted on 12/15/20 at 7:42 am to sicboy
RIP Codemasters, it's only a matter of time
Posted on 12/15/20 at 1:14 pm to teke184
Those Genesis days were terrific times for EA. The Bulls vs ____ and the NBA Playoffs games were great. Also loved playing Desert Strike, Jungle Stike, etc.
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