Update: It happens. There is take-too Confident It actually buys Godmasters for $ 759 million (US $ 994 million). The deal is expected to be done in the first quarter of 2021.
Take-Too boss Strauss-Jennick commented on the deal:
We are very pleased to announce this recommended transaction with the Codemasters team. The Godmasters have a glorious history of producing some of the most beloved and commercially successful racing owners in our industry, and we hope that their offerings will greatly complement our sport and further enhance the long-term growth of our company. Furthermore, we look forward to welcoming the senior management and development teams of Codemasters into our Tag-to-Family, and to share our vision of providing the highest quality entertainment experiences and to be the most innovative, creative and efficient company in our industry.
Codemasters’ Heck Florin is very pleased – he added:
Having a leading position in gaming gaming, the Board of Codemasters firmly believes that the company will benefit from Tag-Do’s broader capabilities, which will help trigger the long-term success of Codemasters. In recommending this offer to shareholders, the Codemasters team believes that it is in the best interests of all shareholders of the company.
The original story [Mon 9th Nov, 2020 13:30 GMT]: It has been revealed that the publishing company Take-Too UK is in talks to acquire industrial senior codemasters.
Codemasters – It started back in the 80s and is popular for titles like this Micro machines, Dizzy, DIRT, Phase And the current official F1 video game series – confirming to its investors that discussions are ongoing.
A non-binding offer is on the table, which will buy the company 485 pence per share; Of that total, 120 pence will be paid in cash, and the rest will be made up of shares in Take-Two.
Take-Two has issued the following statement regarding the proposed agreement:
Tag-Do believes that the combination of Take-Two and Codemasters will bring together two world-class interactive entertainment portfolios, a perfect match between Tag-Do’s 2K publishing label and the racing type of codemasters.
In addition, Tag-Do believes it can improve Codemasters’ performance by improving Tag-Doo’s global distribution network and 2K’s core operating expertise in publishing, including direct operations, analysis, product development and brand and performance marketing.
It is understood that the Board of Directors of Codemasters will recommend accepting this agreement, and Take-Two is due to offer an offer until December 4th. Codemasters valued at 22,662.98 million; Take-Two’s offer is valued at $ 39,739.19 million.
Codemasters are not so active on the switch – we only saw Grid Autosport Jump to Nintendo’s console – but the company’s history with Nintendo systems is remarkable; Legal action was taken (failed) against the company when Nintendo released its GameGene “expansion” device in the early 90s.