Take-Two set to buy Codemasters for nearly $1 billion

This could be a really big deal

10w ago
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We all know Codemasters are great at making motorsport games. That's a fact. You may know them from classics like F1 2012 to ground-breaking releases like the Dirt Rally series. So there's no denying Codemaster's ability to make a great game. The British videogame developer has now confirmed that they been bought by American firm Take-Two. This offer weighs in at a staggering $973 million which could bode well for Codemaster's future.

Codemasters was founded by David Darling and his brother Richard in 1986. Since then, they've released over fifty titles which is very impressive. Although they are well known for its F1 and Rally games, Codemasters have dabbled in other areas before. Codemasters tried its hand at attracting the cricket market by publishing, not developing Brian Lara Cricket and Jonah Lomu Rugby.

This announcement came on the same day as Codemaster's latest title, Dirt Rally 5, released on all platforms. The buyout deal works out at £1.20 in cash and £3.65 in Take-Two shares for every Codemasters share. Although pen hasn't been put to paper yet, the two companies have confirmed that this deal is indeed in negotiation. It has been agreed that a concrete deal has to be made by December 4th.

Take-Two isn't a stranger to big titles, previous work includes the 2K franchise, Red Dead Redemption 2, GTA V, L.A. Noire and many more. Take-Two's acquisition of Codemasters could drastically improve funding for future titles, including the annual release of the F1 games.

A spokesperson for Take-Two had this to say: "Take-Two believes that the combination of Take-Two and Codemasters would bring together two world-class interactive entertainment portfolios, with a highly complementary fit between 2K and Codemasters in the racing genre."

Codemasters have also been busy in buying out smaller firms such as Slightly Mad Studios, makers of the Project Car franchise. You can learn more about that particular deal here:

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Comments (8)

  • Part of me is worried, considering I have a PS1 and I’m a Codemasters purist, but it should be fine.

    I hope I get my remastered version of Colin McRae Rally!

      2 months ago
  • Maybe they'll make cars in the next GTA not handle like 💩

      2 months ago
  • It's likely they dump the Project Cars series. The Steam charts showing Project Cars ONE ahead. It may be a showing that, the new company think, no-one wants project cars. It's a shame, but PC3 was an utter flop.

      2 months ago
  • Rip

      2 months ago
  • So it's like that,

    RSTAR AND T2 BOUGHT THE CODEMASTERS,

    SO EARLIER ACQUISITIONS OF,

    CODEMASTERS,

    EVOLUTION STUDIOS OF DRIVE CLUB FAME,

    THEN,

    SLIGHTLY MAD STUDIOS, SHIFT SERIES AND PC FAME,

    THEN THE WHOLE CODEMASTERS INTO THE POCKETS OF TAKE 2 INTERACTIVE,

    LOOKS GOOD ON PAPER BUT IT LOOKS MORE LIKE FOR THEIR IMPROVEMENT ON THEIR VEHICULAR SIDE, IN THEIR OPEN WORLD GAMES,

    BUT DOESN'T LOOK MORE LIKE AN HEAVILY INVESTED RACING GAMING TITLE FROM THEM,

    JUST AFTER THEIR GTA SERIES BECOMING STALEMATE ON ONLINE BASTATDLY PROFITS,

    SO IT LOOKS MORE LIKE AN LETHARGIC COMPANY BUYING AN ACTIVE GOOD CONTENT DELIVERING COMPANY JUST TO MAKE THEM LAZY OVERALL,

    SO THAT OT WOULD SERVE THEIR INTEREST MORE THAN IMPROVING THEIR OVERALL CONTENT TO BEGIN WITH,

    SO ANOTHER STANDALONE DEV GOT GULPED BY A BIG LETHARGIC MONEY LOOTING COMPANY,

    WELL IT LOOKS LIKE THEY GOT SOLD OUT CHEAP BY LOOKING AT THEIR MARKET POPULARITY AMONG THE SIM AND SIMCADE GAMES,

    MAN LOOKS LIKE THESE MONEY MONGERING BASTARDS DON'T LIKE STANDALONE DEVS TO BE ALIVE IN THE INDUSTRY,

    LOOKS MORE LIKE A JOKE THAN A FRUITFUL DEAL FOR THE CONSUMERS,

      2 months ago
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