Late last year Take-Two had put in an offer to acquire developer Codemasters. Shortly after, EA put in a much higher bid.
Publisher EA (Electronic Arts) has agreed to a deal that will see them acquire developer Codemasters for $1.2 billion.
The takeover of Codemasters, the UK’s leading racing game developer, has been gatecrashed by publisher EA.
It has been revealed that publisher Take-Two is in talks to acquire Codemasters, developers of the Dirt racing franchise.
Take-Two continues to be held up by the NBA 2K franchise. Both NBA 2K20 and NBA 2K21 helped sustain revenues in a difficult period.
Tattoo artist Catherine Alexander filed a complaint against publisher Take-Two over the use of tattoo designs in the WWE 2K series.
Whilst the impact of the coronavirus (COVID-19) pandemic has hit many businesses hard, it has served to push more people to play games as they stay at home.
Take-Two has pulled the only project that was in the works with Star Theory, Kerbal Space Program 2, which forced the developer to close down permanently.
In 2020 financial report for Take-Two, the company’s president, Karl Slatoff, explained that they expect to launch 93 new games in the next five years.
2K Silicon Valley has rebranded as 31st Union. In addition, the company has opened a new office that sees them expand to Spain.