Take-Two has agreed to purchase Codemasters. The transaction amount will exceed $950 million

Take-Two plans to complete the purchase of Codemasters early next year. As a result, she will receive 100% of the shares of DiRT developers, and the transaction amount will exceed $ 950 million.Both companies came to an agreement and confirmed the deal in official statements.

Here is what is known about the purchase at the moment:

• according to various estimates, the transaction amount will be from $956 to $980 million. Take-Two will acquire 100% of the company for cash and shares;Codemasters will retain its management team, including CEO Frank Sagnier;
• the publication of the games of the British company will be engaged in 2K;
• the transaction will be completed by March 31, 2021.
• “We are confident that Codemasters projects will significantly expand our portfolio of sports games and contribute to the long—term growth of our organization,” said Strauss Zelnick, head of Take-Two.

Also on the topic:

• Take-Two has begun negotiations to buy Codemasters for $973.8 millionThe main thing from the Take-Two report: revenue of $841 million, growth in digital sales and revenue from microtransactions
• 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?