Technology
EA moves closer to $1.2 billion Codemasters purchase – Yahoo News Australia
Shareholders of the racing game studio approved the deal.
EA has edged closer to buying Codemasters after shareholders of the latter approved the takeover. Out of 76 shareholders, 63 approved EA’s $1.2 billion bid. Those who voted for the deal hold just under 99 percent of the total Codemasters stock.
Competition regulators in Germany and Austria have rubber stamped the acquisition and a court hearing will take place on February 16th. Barring any problems, EA should close the deal by the end of the spring. Codemasters will then be part of a new subsidiary…
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