11-09-2020, 08:04 PM
Take-Two Might Be Gobbling Up UK Veteran Codemasters
![[Image: small.jpg]](https://images.nintendolife.com/0c6315ed72f41/small.jpg)
![[Image: screenshot-2020-11-09-at-12-12-00.900x.jpg]](https://images.nintendolife.com/0c6315ed72f41/screenshot-2020-11-09-at-12-12-00.900x.jpg)
Publishing giant Take-Two is in talks to purchase UK industry veteran Codemasters, it has been revealed.
Codemasters – which began back in the ’80s and is famous for titles such as Micro Machines, Dizzy, DIRT, GRID and the ongoing official F1 video game series – has confirmed to its investors that discussions are ongoing.
A non-binding offer is on the table which would buy the company for 485 pence per share; 120 pence of that total would be paid in cash, while the remainder would be made up of shares in Take-Two itself.
Take-Two has issued the following statement on the proposed deal:
It is understood that Codemasters’ board of directors will recommend that the company accepts the deal, and Take-Two has until December 4th to make a binding offer. Codemasters is valued at £662.98 million; Take-Two’s offer values it at £739.19 million.
Codemasters hasn’t been all that active on Switch – we’ve only seen GRID Autosport make the leap over to Nintendo’s console – but the company’s history with Nintendo systems is notable; legal action was famously (and unsuccessfully) taken against the company by Nintendo when it released its Game Genie “enhancement” device back in the early ’90s.
![[Image: small.jpg]](https://images.nintendolife.com/0c6315ed72f41/large.jpg)
![[Image: screenshot-2020-11-09-at-12-12-00.900x.jpg]](https://images.nintendolife.com/0c6315ed72f41/screenshot-2020-11-09-at-12-12-00.original.jpg)
Publishing giant Take-Two is in talks to purchase UK industry veteran Codemasters, it has been revealed.
Codemasters – which began back in the ’80s and is famous for titles such as Micro Machines, Dizzy, DIRT, GRID and the ongoing official F1 video game series – has confirmed to its investors that discussions are ongoing.
A non-binding offer is on the table which would buy the company for 485 pence per share; 120 pence of that total would be paid in cash, while the remainder would be made up of shares in Take-Two itself.
Take-Two has issued the following statement on the proposed deal:
Quote: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 Take-Two’s 2K publishing label and Codemasters in the racing genre.
In addition, Take-Two believes that it can bring benefits to Codemasters’ performance by leveraging Take-Two’s global distribution network and 2K’s core operating expertise in publishing, including live operations, analytics, product development, and brand and performance marketing.
Quote:
It is understood that Codemasters’ board of directors will recommend that the company accepts the deal, and Take-Two has until December 4th to make a binding offer. Codemasters is valued at £662.98 million; Take-Two’s offer values it at £739.19 million.
Codemasters hasn’t been all that active on Switch – we’ve only seen GRID Autosport make the leap over to Nintendo’s console – but the company’s history with Nintendo systems is notable; legal action was famously (and unsuccessfully) taken against the company by Nintendo when it released its Game Genie “enhancement” device back in the early ’90s.