informa
1 MIN READ
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

Manticore Games

San Mateo, California
8.23.22
Senior Software Engineer - Mobile

Sony PlayStation

San Diego, California
6.23.22
Sr. Online Programmer

The Walt Disney Company

Glendale, California
8.1.22
Associate Marketing Manager - Walt Disney Games

Insomniac Games

Burbank, California
8.26.22
Accessibility Design Researcher
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
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