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TopicEA makes surprise bid for Codemasters, disrupting Take Two acquisition
Antifar
12/13/20 2:26:57 PM
#1:


https://news.sky.com/story/games-giant-electronic-arts-gatecrashes-725m-codemasters-takeover-12160582

The American computer games giant Electronic Arts (EA) has gatecrashed the 725m takeover of Codemasters, the London-listed producer of some of the world's most popular motor racing titles.

Sky News has learnt that EA has tabled a potentially knockout bid for Codemasters, trumping an offer agreed last month with Take-Two Interactive Software, maker of the Red Dead franchise.

A gaming industry source said this weekend that EA was working with bankers at UBS on its offer.

The interest from EA, which has a market value of almost $40bn (30bn), is likely to be disclosed to the stock market on Monday morning.

EA is among the world's biggest computer games developers, and is best-known for its FIFA-licensed football titles, as well as games based on the Harry Potter books and Star Wars films.

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