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GTA publisher withdraws its offer to buy Codemasters, finally acquired by EA



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GTA publisher withdraws its offer to buy Codemasters, finally acquired by EA

Take Two Interactive, publisher of studios like Rockstar or 2K Games, formally withdraws its purchase offer on the British studio Codemasters.

If we talk about driving games, Codemasters It is one of the best studios in the industry. The creators of the F1 and DIRT 5 video games, among others, were recently acquired by EA, for a whopping $ 1.2 billion.

This operation completely frustrated the plans of Take two, one of the largest publishers in the industry that owns studios like Rockstar (GTA) or 2K Games (Mafia), who presented a purchase offer on Codemasters for 980 million dollars … that finally has decided to withdraw.

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In the first moment, Codemasters accepted Take-Two’s great offer to join their extensive roster of development studios, but another industry giant appeared like Electronic arts to offer a larger amount, which made the Codemasters board of directors decline the Take-Two offer.

After knowing that EA buys Codemasters, the editor of GTA abides by one of the clauses of said offer presented to formally withdraw it, since the British study for the offer to remain in force was to hold a Shareholders’ Meeting before January 12.

” Take-Two remains a highly disciplined organization and, with its strong balance sheet, will continue looking for opportunities selectively organic and inorganic that are designed to enhance Take-Two’s long-term growth and provide results to its shareholders, ” says the official statement of Take-Two Interactive.

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This leaves the owner of Rockstar and 2K without one of the best developers in the driving genre, who recently released DIRT 5 for PS5 and Xbox Series X | S, in addition to obtaining the F1, WRC licenses or get hold of other studios like Slighly Mad (Project CARS).

But Take two She is very excited about the future of the company, which in this generation of PS5 and Xbox Series X | S plans to launch almost 100 games, from last 2020 to next 2025. One of them will be GTA 6, which could be starring a man and a woman.

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Source: VideoGamesChronicles