Thursday, September 28, 2023

EA, not Take-Two, is now buying Codemasters

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Well, it was unexpected. Codemasters, the UK developer behind countless racing franchises including Dirt, Project Cars and the annualized F1 games, was captured by EA. Just over a month ago, Take-Two Interactive, the owner of 2K and Rockstar Games, announced that it had reached an agreement with the Codemasters board. The deal valued the racing studio at just under $ 1 billion. Today, the board of directors confirmed that “it has withdrawn its recommendation from the Take-Two offer” and instead put its weight behind the acquisition of EA. No reason was given, but we assume that money played a role in the decision. The deal with EA, after all, values ​​Codemasters at $ 1.2 billion.

EA already owns the Need for Speed ​​and Burnout franchises. However, neither series is in the right place at the moment. Ghost Games developed Need speed rivals (2013), Need of speed (2015), Need for Speed ​​Payback (2017) and Need for quick heat (2019), all of which received mixed reviews. Earlier this year, EA renamed the developer and made it a support-focused engineering studio. The Need for Speed ​​license, for its part, was donated to Criterion Games, the Guildford-based studio behind Need for Speed ​​pursuit, (2010) and Need for speed: most wanted (2012). Criterion also worked on Burnout Paradise (2008), the last major entry in the racing series.


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