Electronic Arts acquires Codemasters! Take-Two joke

After the rumors that emerged in the last few hours, the official has arrived. Electronic Arts has officially acquired Codemasters for a figure that would be around 1,2 billion dollars. According to the recent Games Industry report, the acquisition is expected to be completed in the first quarter of 2021 and would be based on a price of $ 7,98 per share. The news of the new agreement between the two companies was commented by the president of the British software house, Gerhard Florin, who reiterated that "both companies have a shared ambition to lead the racing video game category". We report his words in detail:

We believe this union will provide an exciting and prosperous future for Codemasters, enabling our teams to build, launch and service bigger and better games for an extremely passionate audience.

Also, according to the words of Andrew Wilson, CEO of Electronic Arts, the union between EA and the British software house will not only give the US multinational the opportunity to grow its franchises, but also provide automotive experiences that can redefine the sector on a global scale. Once completed, the deal will add a number of racing IPs to Electronic Arts' stable, including Formula One, Dirt, Grid e Project Cars, in addition to the already established franchises such as Need for Speed, Burnout e Real Racing. Finally, The CEO of Codemasters Frank Sagnier and the CFO Rashid Varachi they will remain in the same roles once the acquisition is complete, together with Codemasters' internal team of senior executives.