Electronic Arts outbids Take-Two with $1.2 billion deal for Codemasters

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Go back to Electronic Arts outbids Take-Two with $1.2 billion deal for Codemasters

Electronic Arts (EA) Beats Take-Two (TTWO) to Acquire Codemasters for $1.2bln

December 14, 2020 6:48 AM EST

Electronic Arts (NASDAQ: EA) said it agreed to a $1.2 billion deal to acquire the UK game developer Codemasters. This way, EA beat the competition from Take-Two Interactive (NASDAQ: TTWO), who had previously agreed to a $970 million deal with the British company.

EA agreed to pay 604 pence (approximately US$7.98*) in cash for each... More