informa
/
Business
News

Take-Two confirms $994 million purchase of Dirt developer Codemasters

Take-Two Interactive has confirmed it will acquire Dirt developer Codemasters in a deal worth approximately $994 million.

Take-Two Interactive has confirmed it will acquire Dirt developer Codemasters in a deal worth approximately $994 million. 

Both parties had already confirmed a purchase could be on the cards, and now we have confirmation the deal will be completed by the first quarter of 2021. 

Codemasters is the UK publisher behind a number of racing franchises, and is best known for its work on the Dirt, Dirt Rally, and F1 series.

Take-Two, meanwhile, is the parent company of Grand Theft Auto and Red Dead Redemption publisher Rockstar Games. It also owns 2K Games and its various subsidiaries, and boasts a game portfolio including other major franchises like BioShock, Borderlands, and NBA 2K.

Commenting on the move, Take-Two chairman and CEO Strauss Zelnick said Codemasters' racing franchises "will be highly complementary to our sports portfolio and enhance further our organization's long-term growth." 

"Take-Two believes that it can bring benefits to Codemasters' performance by leveraging Take-Two's global distribution and marketing infrastructure, together with Take-Two's core operating expertise in live operations, analytics, product development, and brand and performance marketing," reads a 'strategic rational' explainer. 

"The Take-Two board believes there is a compelling strategic and financial rational for the acquisition because it creates a global leader in interactive entertainment publishing through the combination of Take-Two and Codemasters' complementary and critically-acclaimed sports and racing franchises." 

Codemasters chairman Gerhard Florin, meanwhile, added that Take-Two's broad capabilities and leading position in the sports game market will "propel" its long-term success. 

The senior management team at Codemasters will retain their positions once the deal has been completed, and will continue to lead the business under the Take-Two umbrella.

Latest Jobs

Sucker Punch Productions

Bellevue, Washington
08.27.21
Combat Designer

Xbox Graphics

Redmond, Washington
08.27.21
Senior Software Engineer: GPU Compilers

Insomniac Games

Burbank, California
08.27.21
Systems Designer

Deep Silver Volition

Champaign, Illinois
08.27.21
Senior Environment Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more