Technology
Codemasters set to be bought by EA for $1.2bn – Motorsport AU
Formula 1’s official video game developer Codemasters is set to be bought by Electronic Arts in a deal worth $1.2 billion.
The British-based Codemasters company, which uses Motorsport Games for its Esports activities around the DiRT Rally franchise, had recently been linked with a takeover deal by American video game publisher Take-Two Interactive Software Inc.
But in a change of direction, Electronic Arts announced on Monday that it had reached an agreement with Codemasters’ board for the recommended acquisition of the company.
If the transaction gets the formal go ahead, Codemasters shareholders will be entitled to…
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