EA has stepped in on the final second with an sudden bid.
Just lately, Take-Two Interactive introduced their intent to buy Codemasters for a deal that might be value as much as £750 million. The acquisition looked to be set in stone and was on account of be accomplished in Q1 of 2021, however it appears EA have are available in on the eleventh hour with a bid of their very own that might pose some issues.
As reported by Sky News, business insiders have claimed that EA have filed a bid of their very own of as much as £725 million, and that the identical will most likely be introduced on Monday. It’s doable that Codemasters might find yourself opting to take care of EA as an alternative of Take-Two, particularly in the event that they really feel they’re being provided a greater valuation by the previous. Take-Two’s deal included each money and shares, and the latter specifically can fluctuate, so it’s actually doable.
Whether or not or not Take-Two Interactive will make a counter bid stays to be seen. EA confirmed earlier this yr that they have been interested in studio acquisitions (and have been reportedly even in the running to purchase WB Games at one level), however them coming in on the last minute in a deal that regarded all however achieved remains to be a shock.
Keep tuned, and we’ll maintain you up to date as this story develops.