RSS Feeds NGN on Facebook NGN on Twitter NGN on YouTube
Thursday July 3, 2025
Header logo

Electronic Arts to acquire Codemasters

Codemasters Group Holdings accepts bid of US$1.2 billion

Posted on

Electronic Arts Inc. has announced that it has reached an agreement with the Board of Codemasters for the recommended acquisition of Codemasters, the UK-based game developer and publisher.

In the transaction, Codemasters' shareholders will be entitled to receive 604 pence (approximately US$7.98) in cash for each ordinary share of Codemasters with an implied enterprise value of US$1.2 billion. The acquisition is anticipated to be completed in the first quarter of calendar 2021.

The news comes just a couple of weeks after another publisher, Take-Two, offered a similar buyout bid - but with a lower $800 million offer.

“Electronic Arts and Codemasters have a shared ambition to lead the video game racing category. We feel this union would provide an exciting and prosperous future for Codemasters, allowing our teams to create, launch and service bigger and better games to an extremely passionate audience,” said Gerhard Florin, the Chairman of Codemasters.

Electronic Arts believes the combination of EA and Codemasters will enable further growth and success for Codemasters and EA’s popular and innovative racing franchises.

Codemasters brings with them racing franchises such as Formula One, DiRT, DiRT Rally, Grid and Project Cars. EA believes it can help accelerate Codemasters’ performance by leveraging EA’s deep expertise in live services operations, game analytics and technology. In addition, EA’s central services teams across development technology, art & motion capture, quality verification, compliance, and localization will all be resources available to Codemasters.

EA Codemasters logo

Comments
Screens







Online
There are currently 0 members and 66 guests on the website right now.
Who's On?
Activity in the past 10 minutes:
  • 66 guests
Best News this Month
Sony Confirms PlayStation 6 Development with Focus on Loc...
Get the latest on Sony's PS6 plans, targeting a 2028 launch with a focus on local gameplay, fewer live-service games, and continued PS4/PS5 support.

Posted 14 days ago
Steam Releases 30+ Free Steam Games in June 2025 You Can ...
Get all 30+ free Steam games released in June 2025--FPS, RPGs, horror, and more. Download now and keep them forever with no cost, no catch, no timer.
27 days ago
John Marston's Actor Rob Wiethoff Teases Red Dead Redempt...
Rob Wiethoff hints at major Red Dead Redemption news coming before Friday--learn what he said and why fans believe a next-gen RDR2 update could be coming.
13 days ago
Fortnite Chapter 6 Season 3: Super Battle Pass Full Break...
Get all the Fortnite Chapter 6 Season 3: Super Battle Pass details--skins, rewards, locations, Hero Ranks, Superman, Robin, and new gameplay features.
21 days ago
Nintendo Switch 2 Pre-Orders: Detailed Availability Updat...
Get all Nintendo Switch 2 pre-order details, prices, restock updates, retailer info, bundles, accessories, and launch updates ahead of the June 5 release.
29 days ago
Latest Comments
Sony Confirms PlayStation 6 Development with Focus...
Jun 21, 2025 by Michael Gariti
I DO, however, see how this could backfire…much like it...
Sony Confirms PlayStation 6 Development with Focus...
Jun 19, 2025 by Michael Gariti
With all the current games being online only, or at least...
Resident Evil 9 Was Originally a Co-Op Game Set on...
May 30, 2025 by Angel Cartagena
They should've kept it coop alot of people would've...
Grow a Garden Reaches 5 Million Players, Becomes...
May 24, 2025 by RAGH
it turned 9m before the cosmetics came. grow a garden is...
Grow a Garden Reaches 5 Million Players, Becomes...
May 24, 2025 by Bob
IIt's 5.5m right now broke another
New Game Network NGN Facebook NGN Twitter NGN Youtube NGN RSS