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Take-Two possibly buying UK publisher Codemasters

GTA giant has until the start of December to say if it actually wants to snap up the British racing specialist

Take-Two possibly buying UK publisher Codemasters

US publishing giant Take-Two has confirmed that it is in discussions with UK racing specialist Codemasters about an acquisition.

In a post on its investor relations page, the GTA parent firm said that it has made a proposal to the British development icon, which would value the company at a whopping £740m, or close to $1bn. A quarter of this would be paid out in cash, while the other 75 per cent takes the form of Take-Two stock.

Take-Two has until 5pm on December 4th to say whether or not it is actually going to buy Codemasters.

"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," both companies said in their respective statements.

"Take-Two believes that it can bring benefits to Codemasters performance by leveragingTake-Two global distribution and 2K's core operating expertise in publishing, including, live operations, analytics, product development, and brand and performance marketing."

For the full story head over to PCGamesInsider.biz.


PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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