Take-Two has agreed to purchase Codemasters – companies plan to close the transaction in early 2021 the year

The contract is estimated at about $ 994 million.

Update: the companies have officially confirmed their agreement.

In a letter sent to investors on November 10, Take-Two chief executive Strauss Zelnik said that Codemasters’ racing games would fit well into the company’s library of sports games.

 

Codemasters have a history of building some of the world’s most beloved and successful racing franchises, and we believe their games will complement our sports portfolio and contribute to our long-term growth.

Strauss Zelnik
head of Take-Two

The heads of Codemasters also believe the deal will ensure their company’s long-term success through Take-Two’s market position.

Codemasters have at their disposal such franchises as GRID, Colin McRae Rally, DIRT, F1 World Rally Championship. All of them after the deal will be included in the portfolio of Take-Two, which owns 2K, Rockstar and Private Division.

Codemasters also owns Slightly Mad, a studio known for several installments in the Project CARS and NFS: Shift series.

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