Publisher Behind GTA: Take-Two Announces the Acquisition of Codemasters
Follow Us
The video game industry has had a very eventful year so far. It has been full of acquisitions and consequent developments. Unsurprisingly, another development has just surfaced that has taken the community by storm. Take-Two Interactive has reached an agreement to acquire Codemasters.
Take-Two will spend a w whopping $994 million to acquire the studio behind racing series like F1 and Dirt. The two companies were negotiating for a while but seem to now have set a seal on the deal that will close in the first quarter of 2021.
Take-Two to experiment with racing titles with the acquisition of Codemasters?
ADVERTISEMENT
Article continues below this ad
Take-Two is the parent company of Rockstar Games that is behind mammoth franchises like Grand Theft Auto and Red Dead Redemption. It is possible that Take-Two is widening its horizon with the acquisition of Codemasters as it allows it to have several racing titles under its belt.
This is what the company had to say about the acquisition, “Codemasters has a renowned history of creating some of our industry’s most beloved and commercially successful racing franchises, and we believe that their offerings will be highly complementary to our sports portfolio and enhance further our organization’s long-term growth.”
Trending
After Deion Sanders Jr.’s Shiny $79K Purchase, Shedeur & Shilo Follow Their Brother’s Footsteps to Flaunt New Beast
March 26, 2024 01:13 PM EDT
“Broken Feet”: Tom Brady’s Hidden Injuries Spilled by Former Teammate Julian Edelman
March 27, 2024 01:25 PM EDT
“I Will Miss Him”: Arnold Schwarzenegger Mourns the Devastating Demise of His Dear Friend
March 24, 2024 10:33 AM EDT
Exploring Lionel Messi’s Mother Celia’s Life Journey, Who Broke an Argentine Tradition During Son’s Wedding
February 19, 2024 09:23 AM EST
“My Heart Hurts”: Patrick Mahomes’ Mother Randi Shares Emotional Update
March 28, 2024 11:39 AM EDT
Get instantly notified of the hottest stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
Fortnite Might Add Periodic Subscription Soon
ADVERTISEMENT
Article continues below this ad
More importantly, this allows Take-Two to add a pretty impressive studio to its arsenal. It also enables Codemasters to make the most of Take-Two’s resources and success as a world-class entertainment studio.
In addition, Take-Two has been a flag-bearer in terms of product and brand development. Its expertise in the performance market with a dedicated analytics department makes it a perfect fit for Codemasters in the long run.
However, this deal will only close in the first quarter of 2021. Even though both the companies have agreed on a price and most other details, the deal still has the potential to collapse if they fail to see eye to eye on absolutely everything. However, that is an unlikely scenario at this stage.
ADVERTISEMENT
Article continues below this ad
Codemasters’ Dirt 5 released just a few days back for the current-gen consoles. But it will also make its way to PlayStation 5 and Xbox Series S/X.