Take-Two Interactive will acquire Codemasters, the company announced today. The deal awaits regulatory approval ahead of probable completion in 2021. Both involved parties have agreed to terms.
According to a Eurogamer report, the deal is valued at $994M. Payment will take the form of cash and stock shares. Take-Two Interactive appears to be in the middle of another expansion push. It recently acquired other developers besides Codemasters, including Playdots (Dots) and Ruffian Games (Crackdown 2).
Codemasters, a European developer and publisher, has a long history dating back to 1984, when it made its debut with Bronx Street Cop on the Spectrum and the Dizzy series throughout the late 80s. Many of its more recent successes have been racing titles, including the licensed Micro Machines series, as well as Dirt, GRID Autosport, and a slew of F1 games. The company also published the fantasy-themed Overlord games.
Take-Two Interactive already owns and operates a number of respected studios and developers, including Rockstar (Grand Theft Auto, Red Dead Redemption), 2K Games (BioShock) and 2K Sports (NBA 2K, WWE 2K), Firaxis Games (Sid Meier’s Civilization), and Private Division (The Outer Worlds, Kerbel Space Program 2).
In case it wasn’t already obvious, Take-Two Interactive chairman and CEO Strauss Zelnick described the benefits of the acquisition: “Codemasters has a renowned history of creating some of our industry’s most beloved and commercially successful racing franchises, and we believe that their offerings will be highly complementary to our sports portfolio and enhance further our organization’s long-term growth.”
It is not yet clear precisely what role Codemasters will play as it melts into the Take-Two Interactive organization, but more Dirt and GRID Autosport titles seem likely. What would you like to see?