The acquisition of the Codemasters studio has turned into a small epic in recent months. In November last year, it became known that Take-Two is close to closing the deal to buy Codemasters. It was valued at approximately $1 billion. However, a few weeks later, it was reported that Electronic Arts had interrupted Take-Two’s offer and was buying the British company.
Now Electronic Arts has published an official press release, which confirms Codemasters’ acquisition for $1.2 billion (approximately $8.37 per share). Thus, the EA collection and the Need for Speed franchise, and the mobile game Real Racing, will include Formula 1, DIRT, DiRT Rally, GRID, and Project CARS series.
“This is the start of an exciting new era of racing games and content as we bring together talented teams from Electronic Arts and Codemasters,” said Andrew Wilson, CEO of EA.
A source: Electronic Arts