Take-Two Interactive has reached an agreement with Codemasters for an acquisition. The takeover amount is 759 million pounds, converted around 849 million euros. Codemasters continues to exist in name and becomes part of Take-Two.
The two companies expect the acquisition to be completed in the first quarter of next year. Take-Two states that Codemasters is a good addition to the publisher. British Codemasters owns the license to make Formula 1 games and is known for its DiRT rally games. Also, the Project Cars games are from Codemasters, after Slightly Mad Studios was acquired by the British studio last year.
Codemasters management will continue to consist of the same people after the takeover. Codemasters will continue to operate as a company within Take-Two under their leadership. Last week it turned out that a takeover was imminent. Take-Two had made a non-committal offer and Codemasters said it would accept that.
Take-Two Interactive, as owner of Rockstar Games, is the publisher of Grand Theft Auto and Red Dead Redemption, among others. 2K Games and 2K Sports are also part of Take-Two. The publisher has no racing games in its range yet.
DiRT 5, one of the newest games from Codemasters