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Take Two withdraws its takeover bid for Codemasters, after bypassing EA – Nerd4.life

Take two It is official pulled back Probably Acquisition of Codemasters, Withdrew the offer and was already out of the question, after the British company accepted the superior offer from Electronic Arts.

The company he also controls Rock games He was the first to demonstrate intent to acquire Codemasters in large quantities, bidding $ 980 million to acquire the entire British brand, with its teams and intellectual properties such as Dirt and the Formula Games license. One.

Then, surprisingly, the show was overshadowed by the relaunch of Electronic Arts, which put $ 1.2 billion well on the board, making the well-intentioned Codemasters board clearly track its footsteps. To go one way she.

Take-Two was staying in the game because he reported his wish Evaluate your options He may have been feeling for another re-launch to buy Codemasters, but it is clear that the conditions for continuing the process have ended and he decided to withdraw the offer and exit the race to beat the F1 2020 designation.

However, it appears that Rockstar Games still intends to keep shopping and making more attempts Acquisition for other teamsThe publisher said in a statement: “Take Two remains a highly disciplined organization, and with its extremely strong balance sheet, it will continue to selectively evaluate opportunities that can expand the company’s long-term growth and deliver results for its shareholders.” Official.

Codemasters, which recently acquired Slightly Mad Studio, has also expanded its staff with a large portion of the former Evolution team that Sony previously shut down, and thus appears set to become part of Electronic Arts, with the completion of the process that is supposed to take place in the quarter. The first of 2021.

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Phil Schwartz

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