Electronic Arts completed the acquisition of Codemasters, one of the most prolonged and legendary studios of Great Britain. The press release was confirmed that the sale price was "604 Pens (approximately 8.37 US dollars) in cash for each ordinary share of Codemasters with the estimated cost of an enterprise 1.2 billion US dollars."
Although recently, Codemasters has been known for his experience in racing games, it was founded in 1986 by the David and Richard Darling brothers, working on different platforms from ZX Spectrum to Commodore 64, quickly won a reputation.
In recent decades, Codemasters completely reoriented to the racing genre, it was his experience that his experience was inspired by a recent trade war between EA and Take-Two to acquire a developer. Both giant publishers and both have serious projects in various fields of sports games. After the initial interest of Take-Two, which reached the preliminary agreement on the EA transaction, was involved in December, and when the price reached 1.2 billion dollars Take-Two decided to retreat.
Two weeks ago, 63 of the 76 shareholders of Codemasters (representing 99% of the shares belonging to them) approved the offer of EA on the purchase by making an official announcement.
As expected, he makes a big deal from the F1 and Dirt series, as well as project vehicles from Slightly Mad Studios, which as a subsidiary Codemasters is part of the transaction. Unfortunately, there is no mention of the late, the Great Flashpoint, EA operation, in any case will make it a mobile game.
EA previously reported investors that the acquisition of CodeMasters is all about making themselves the "global leader in the field of racing games", with the possibility of producing new racing games on an annual basis. "Today a significant day in the history of Codemasters and an exciting day for our employees and players," said Frank Sanya, CEOMASTERS CEO. "Partnership with EA will allow our teams to raise our highly appreciated franchises to new heights and cover a huge global audience through their network of players. Together we can override the landscape of racing games to create even more exciting impressions for racing lovers worldwide."
We're Excited to Welcome @CodeMasters. To the Ea Family! ?? pic.twitter.com/y3yyb94vmf.
- Electronic Arts (@ea) February 18, 2021
