• Take-Two backs out of bid to buy Codemasters, leaving it up to EA

    8 days ago - By Nintendo Enthusiast

    Codemasters, one of the most prestigious studios in the industry for racing games, is seeking to be put under a new corporate umbrella. Initially, Take-Two announced a near $1 billion bid, but that was challenged by Electronic Arts for $1.2 billion. Now, Take-Two has formally backed out of the bid, leaving EA to as the sole potential buyer. According to a report from Business Wire, Take-Two has formally withdrawn from the bid after not conducting a meeting with Codemasters' shareholders. It seems that after EA made the higher offer, the company, though very large within of itself, was not...
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  • Take-Two Interactive officially pulls purchase bid for Codemasters

    Take-Two Interactive officially pulls purchase bid for Codemasters

    8 days ago - By Destructoid

    Take-Two Interactive has announced that the time has officially lapsed on its bid for UK studio Codemasters and as such is no longer pursuing its plan of action to purchase the developer.
    Take-Two - who already owns major developers Rockstar and 2K Games - put in a purchase offer for racing game specialist Codemasters back in November, with an estimated total share value of around $994 million. While Codemasters and its board of investors initially expressed delight at the offer, Take-Two's plans were scuppered when Electronic Arts swooped in during the final stages , ultimately outbidding...
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