11-09-2020, 08:04 PM
Take-Two Might Be Gobbling Up UK Veteran Codemasters
<div><div class="media_block"><a href="https://images.nintendolife.com/0c6315ed72f41/large.jpg"><img src="https://images.nintendolife.com/0c6315ed72f41/small.jpg" class="media_thumbnail"></a></div>
<figure class="picture strip"><a title="Screenshot 2020 11 09 At 12.12.00" href="https://images.nintendolife.com/0c6315ed72f41/screenshot-2020-11-09-at-12-12-00.original.jpg"><img loading="lazy" src="https://images.nintendolife.com/0c6315ed72f41/screenshot-2020-11-09-at-12-12-00.900x.jpg" width="900" height="428" alt="Screenshot 2020 11 09 At 12.12.00"></a></figure>
<p>Publishing giant Take-Two is in talks to purchase UK industry veteran Codemasters, it has been revealed.</p>
<p>Codemasters – which began back in the ’80s and is famous for titles such as <strong>Micro Machines</strong>, <strong>Dizzy</strong>, <strong>DIRT</strong>, <strong>GRID</strong> and the ongoing official F1 video game series – has confirmed to its investors that discussions are ongoing.</p>
<p>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.</p>
<p>Take-Two has issued the following statement on the proposed deal:</p>
<blockquote>
<p>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.</p>
<p>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.</p>
</blockquote>
<blockquote></blockquote>
<p>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.</p>
<p><a href="https://www.nintendolife.com/news/2017/09/f1_and_micro_machines_studio_codemasters_is_keeping_an_eye_on_the_switch">Codemasters hasn’t been all that active on Switch</a> – we’ve only seen <a href="https://www.nintendolife.com/games/switch-eshop/grid_autosport"><strong>GRID Autosport</strong></a> 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.</p>
</div>
https://www.sickgaming.net/blog/2020/11/...demasters/
<div><div class="media_block"><a href="https://images.nintendolife.com/0c6315ed72f41/large.jpg"><img src="https://images.nintendolife.com/0c6315ed72f41/small.jpg" class="media_thumbnail"></a></div>
<figure class="picture strip"><a title="Screenshot 2020 11 09 At 12.12.00" href="https://images.nintendolife.com/0c6315ed72f41/screenshot-2020-11-09-at-12-12-00.original.jpg"><img loading="lazy" src="https://images.nintendolife.com/0c6315ed72f41/screenshot-2020-11-09-at-12-12-00.900x.jpg" width="900" height="428" alt="Screenshot 2020 11 09 At 12.12.00"></a></figure>
<p>Publishing giant Take-Two is in talks to purchase UK industry veteran Codemasters, it has been revealed.</p>
<p>Codemasters – which began back in the ’80s and is famous for titles such as <strong>Micro Machines</strong>, <strong>Dizzy</strong>, <strong>DIRT</strong>, <strong>GRID</strong> and the ongoing official F1 video game series – has confirmed to its investors that discussions are ongoing.</p>
<p>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.</p>
<p>Take-Two has issued the following statement on the proposed deal:</p>
<blockquote>
<p>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.</p>
<p>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.</p>
</blockquote>
<blockquote></blockquote>
<p>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.</p>
<p><a href="https://www.nintendolife.com/news/2017/09/f1_and_micro_machines_studio_codemasters_is_keeping_an_eye_on_the_switch">Codemasters hasn’t been all that active on Switch</a> – we’ve only seen <a href="https://www.nintendolife.com/games/switch-eshop/grid_autosport"><strong>GRID Autosport</strong></a> 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.</p>
</div>
https://www.sickgaming.net/blog/2020/11/...demasters/