Take-Two Interactive revealed it had entered into acquisition talks with DiRT and F1 publisher Codemasters late last week. Today, the two companies reached an agreement. The acquisition is moving forward, and should be finalized by the end of 2021?s first quarter. Take-Two?s announcement of this new development notes the deal is worth $994 million USD.
In a press release, Take-Two outlined the rationale behind the Codemasters purchase. The publisher notably believes the acquisition ?creates a global leader in interactive entertainment publishing through the combination of Take-Two and Codemasters? complementary and critically-acclaimed sports and racing franchises and world-class creative teams.? Codemasters also brings diverse content to the Take-Two catalogue with its ?regular title release cadence and high-quality racing titles.? In short, it?s a boon for both companies, especially in terms of financials.
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