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Take-Two Interactive to Purchase British Game Developer Codemasters

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

Video game publisher Take-Two Interactive, the parent company of Rockstar and 2K Games, has reached an agreement to purchase British developer Codemasters.

The $994 million deal is exepected to close during the first quarter of next year. "We are exceedingly pleased to announce this recommended transaction with the Board of Codemasters," said Strauss Zelnick, Chairman and CEO of Take-Two. "Codemasters has a renowned history of creating some of our industry's most beloved and commercially successful racing franchises, and we believe that their offerings will be highly complementary to our sports portfolio and enhance further our organization's long-term growth." He continued, "Moreover, we look forward to welcoming Codemasters' senior.

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