Take-Two is bidding $973.8 million to potentially acquire Codemasters

Codemasters Take-Two bid $973.8 million Codemasters GRID autosport dirt 5 racing game developer publisher

Earlier today, VGC confirmed that Take-Two Interactive is in talks to acquire publisher Codemasters, and GamesBeat subsequently reported that Take-Two has placed a bid of $973.8 million. Take-Two Interactive already owns Rockstar Games, the publisher of Grand Theft Auto and Red Dead Redemption among others, and 2K, the publisher of a sweeping variety of games. Codemasters, meanwhile, is currently known for its racing franchises like Grid and Dirt, and Grid Autosport is the only title from the developer currently available on Nintendo Switch.

To explain its logic for exploring an acquisition, Take-Two told VGC that it believes combining with Codemasters would be a “highly complementary fit” as it pertains to racing games. It additionally said, “Take-Two believes that it can bring benefits to Codemasters performance by leveraging Take-Two global distribution and 2K’s core operating expertise in publishing, including, live operations, analytics, product development, and brand and performance marketing.”

Take-Two is based out of New York City, whereas Codemasters is based out of Southam, England. Of the $973.8 million bid, $700 million would be paid in stock, versus $230 million paid in cash. While this bid is an incredible number, it can’t compare to the $7.5 billion that Microsoft is paying for ZeniMax.

What do you think of this potential acquisition? In all honesty, to me, Codemasters will always just be the company that created the awesome Game Genie.

[Source 1/Source 2]

John Friscia
Head Copy Editor for Enthusiast Gaming, Managing Editor at The Escapist. I'm a writer who loves Super Nintendo and Japanese role-playing games to an impractical degree. I really miss living in South Korea. And I'm developing the game Boss Saga!