Codemasters Shareholders Approve EA Takeover - News
by William D'Angelo , posted on 06 March 2021 / 1,804 Views
The majority of Codemasters shareholders have approved the deal for the developer to be acquired by Electronic Arts, according to VideoGamesChronicle. The Codemasters board previously told the shareholders to vote in favor of the deal.
The next step in the acquisition process is for it to be legally sanctioned in a court hearing on February 16 and competition law approvals. Codemasters shares will then be suspended on February 18 and canceled on the sub-market of the London Stock Exchange, AIM, on February 19.
The EA acquisition of Codemasters is expected to be completed in the first quarter of 2021. EA will be spending $1.2 billion on the acquisition.
Codemasters is a video game publisher and developer based in England. They are best known for the racing franchises Dirt, F1, Grid, and OnRush. They also secured the rights to the FIA World Rally Championship (WRC) and also owns Project Cars developer Slightly Mad.
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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RIP
F to the developers once EA has had their way with them.
Damn itttt
Another fine addition to the EA graveyard.
Well as the share holders point of view, EA know how to nickel and dime there customers to the lowest degree.. so yes this would make sense, unfortantly.
Woah,
It's gonna be bad with EA huffing and puffing behind yo shoulders bruh!
More and more the big publishers are becoming fewer companies. Consolidating the industry.
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