Take-Two in Talks With Codemasters for Possible Acquisition - News
by William D'Angelo , posted on 06 November 2020 / 1,186 Views
Codemasters confirms that it is in talks with Rockstar and 2K Games parent company Take-Two Interactive to be acquired in a sale of potentially around £740 million.
"[Take-Two] believes that the combination of Take-Two and Codemasters would bring together two world-class interactive entertainment portfolios, with a highly complementary fit between 2K and Codemasters in the racing genre," said Take-Two in a statement to VideoGameChronicles.
"Take-Two believes that it can bring benefits to Codemasters performance by leveraging Take-Two global distribution and 2K’s core operating expertise in publishing, including, live operations, analytics, product development, and brand and performance marketing."
Codemasters is the publisher of racing franchises Dirt, F1, and OnRush.
A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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Well this is tragic. Another major game company absorbed by a corporation.
It's unexpected, but honestly, I always wondered how Codemasters manages to remain afloat. At least this way they will be around for at least the next generation.
Code masters in charge with driving in future grandtheftauto will be massive
Seems the video gaming industry is experiencing consolidation again... Likely brought on by a new console generation that builds on the uncertainty of a global recession thanks to COVID.
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