EA completes $1.2 billion Codemasters acquisition

0
19


EA has formally accomplished its $1.2 billion acquisition of UK racing developer and writer Codemasters.

EA says that the deal between the 2 corporations has resulted within the institution of a “new world powerhouse for racing videogames and leisure.” Iconic racing IPs equivalent to F1, Challenge Vehicles, Grid, Grime, WRC, and extra have now been added to EA’s roster of racing video games, which already consists of the favored Want for Velocity franchise. “With this critically acclaimed portfolio, Digital Arts and Codemasters can be positioned to deliver followers a daily cadence of latest and thrilling racing content material, along with reaching throughout extra platforms and extra areas of the world,” a press release from EA reads. In line with IGN, Codemasters can be handled as an “impartial group,” with the studio making its personal video games.

“That is the start of an thrilling new period for racing video games and content material as we deliver collectively the proficient groups at Digital Arts and Codemasters,” stated Andrew Wilson, CEO of Digital Arts. “Racing fandom continues to develop worldwide, and the franchises in our mixed portfolio will allow us to create revolutionary new experiences and convey extra gamers into the thrill of automobiles and motorsport. Our groups can be a world powerhouse in racing leisure, with wonderful video games for gamers on each platform, and we will’t wait to get began.”

In November, Take-Two Interactive confirmed it had entered into $994 million settlement to accumulate Codemasters, however that was earlier than EA took pole place with a proposal value $1.2 billion a month later.

What do you make of the acquisition? Tell us your ideas within the feedback.

LEAVE A REPLY

Please enter your comment!
Please enter your name here