Take-Two has begun negotiations to buy Codemasters for $973.8 million

Take-Two is preparing for another major purchase. The owner of Rockstar Games, 2K and Private Division intends to acquire one of the oldest British gaming companies — Codemasters. The estimated volume of the transaction is $973.8 million.

Take-Two wrote about this on her website. At the moment, the holding has sent only a preliminary offer, but does not plan to change its terms in the future. And the board of directors of Codemasters stressed that it is already ready to recommend its investors to agree to the deal.

So far, little is known about the terms of the takeover:

• Take-Two is going to buy 100% of Codemasters shares at a price of $6.4 apiece;
• the American publisher plans to transfer about a quarter of the amount in cash. The rest will pay with its own securities;
• the total value of the transaction may reach $973.8 million (according to VentureBeat).

According to Take-Two, this purchase will help combine “two world-class interactive portfolios to work on the development of the racing genre.” Ultimately, Codemasters will be able to count on the support and resources of one of the assets of the 2K publisher company.

Just three months ago, Take-Two made another major acquisition. In mid-August, it joined the New York studio Playdots, which develops minimalistic mobile games.

Codemasters itself at the end of November last year completed the takeover of Slightly Mad Studios — the authors of Project CARS. Today, the British company employs about 750 employees. Among the most famous Codemasters titles are F1, Dirt and Grid. The Dirt 5 car simulator was released just three days ago.

Also on the topic:

• The main thing from the Take-Two report: revenue of $841 million, growth in digital sales and revenue from microtransactionsTake-Two Interactive acquires the creator of Two Dots for $192 million
• In 2020, Codemasters’ semi-annual revenue doubled
• Codemasters for $ 30 million will acquire the authors of Project CARS, which the partner was going to buy Mail.Ru Group
• Is there any news?