Sponsored By

Take-Two officially ends pursuit of Codemasters following EA offer

Take-Two has officially lapsed its offer to acquire Dirt developer Codemasters after being outbid by EA.

Chris Kerr

January 13, 2021

1 Min Read

Take-Two has officially lapsed its offer to acquire Dirt developer Codemasters after being outbid by EA. 

The Rockstar Games and 2K Games parent company had initially offered to purchase Codemasters for $994 million, but EA scuppered those plans a few weeks later when it tabled a bid of around $1.2 billion

Following EA's manoeuvre, Take-Two said it was "considering its position" in relation to Codemasters, and has now allowed its own offer to expire.

"Following the December 14, 2020 announcement by the Board of Codemasters that it had withdrawn its recommendation of the Company's offer to acquire Codemasters Group Holdings PLC, Take-Two has, with the consent of the Panel, lapsed its offer," reads a brief Take-Two statement

Although its pursuit of Codemasters ultimately ended in failure, Take-Two said it will continue to seek out more deals with the remit of enhancing its long-term growth.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

Daily news, dev blogs, and stories from Game Developer straight to your inbox

You May Also Like