Take 2 have today confirmed they are buying British gaming icon Codemasters in a $956 million (£726 million) deal. Codemasters which is now famous for their racing games starting life back in 1986 developing games in the Commodore 64 and Spectrum days. Codemasters for the last decade have become a racing game magnet.
Strauss Zelnick of Take 2 said of the deal
“We are exceedingly pleased to announce this recommended transaction with the Board of Codemasters. Codemasters has a renowned history of creating some of our industry’s most beloved and commercially successful racing franchises, and we believe that their offerings will be highly complementary to our sports portfolio and enhance further our organization’s long-term growth”
Gerhard Florin of Codemasters said.
With a leading position in sports gaming, the Board of Codemasters firmly believes the Company will benefit from Take-Two’s broad capabilities which will help propel the long-term success of Codemasters. In recommending this Offer to shareholders, the Board of Codemasters believes it is in the best interests of all stakeholders in the Company.”
Codemasters where a big supporter of Stadia and it will be interesting to see if this relationship continues into the next year after Dirt 5.