Take-Two Expects to Acquire Codemasters
The well-known game publisher ‘Take-Two’ is negotiating with Codemasters on the acquisition.
In an information note to investors Codemasters announced an acquisition agreement with Take-Two, they have received an non-binding offer of pence 485 per share (of which pence 120 will be paid in cash and the rest will be paid in shares) for a total price of approximately £739 million. (Approximately US$973 million).
Negotiations between the two companies are still on-going, Take-Two has not yet submitted a final offer, and some details (such as the payment ratio of cash and shares) may still be revised.
Take-Two needs to commit to make a takeover offer for Codemasters by December 4 at the latest, this is subject to approval by the regulatory authority too. Take-Two said in a statement: “We believe that the combination of Take-Two and Codemaster will bring together the two world-class interactive entertainment products. It is a complementary fit between Take-Two’s 2K publishing label and Codemasters in the racing genre."
"In addition, Take-Two believes that it can bring benefits to Codemasters' performance by leveraging Take-Two's global distribution network and 2K’s core operating expertise in publishing, including live operations, analytics, product development, and brand and performance marketing."
Take-Two has approximately 6000 employees worldwide, including 4600 developers. In September this year, Take-Two just acquired Playdots, the publisher of the mobile game "Two Dots", for US$200 million.
Codemasters is a British game company that specializes in developing racing games. It has about 750 employees. Its representative works include the "Dust" and "F1 Racing" series.
OTHER NEWS
-
- Acer Global Launch Event, 2020
- By Johnny 24 Apr,2023
-
- Latest Report on Digital Payment in Southeast Asia
- By Marilyn 24 Apr,2023
-
- Video Mentoring Platform Superpeer Launches Paid Channels
- By Judy 24 Apr,2023
-
- A Black Friday With Booming Online Sales
- By Hughes 24 Apr,2023
-
- Zuckerberg Criticized Apple for Its Privacy Policy, Seeing Apple as One of Facebook’s “Biggest Competitors”
- By Anderson 24 Apr,2023
-
- Google Maps to Show the Locations of Traffic Lights
- By Jackson 24 Apr,2023
-
- How to Get Free Gold Bars in Candy Crush?
- By Davis 24 Apr,2023
-
- British scientists recommend people to add extra vitamin D to milk and bread
- By Betty 24 Apr,2023
-
- Cash: from the Most Popular Payment Method to the Least-used One
- By Shawn 24 Apr,2023
-
- Genetic factors have significant impacts on the risk of sex crimes
- By Paula 24 Apr,2023
-
- Playing video games as a child is proven to bring lasting improvement in cognitive ability
- By Jacqueline 24 Apr,2023
-
- How to Get Gold and Diamond for Free
- By Denise 24 Apr,2023