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Electronic Arts is alleged to be trying to outbid Take-Two Interactive’s nearly $ 1 billion offer to acquire Codemasters, the developers behind the Dirt, F1 and Project Cars racing franchises. beating an offer agreed last month with Take-Two Interactive Software, maker of the Red Dead franchise. “
Take-Two’s attempt to acquire Codemasters was announced in November, and EA is said to be looking to outbid the £ 725 million (~ $ 969 million) offer that was made.
Take-Two’s attempt to acquire Codemasters was announced in November, and EA is said to be looking to outbid the £ 725 million (~ $ 969 million) offer that was made.
While EA’s offer has not been disclosed, Sky News notes that it is working with UBS bankers on its offer and that it will likely be released to the stock market on Monday, December 14, and will be a “substantial bonus for Codemasters.” . closing price of the stock on Friday of 534p “.
Take-Two’s offer is a cash and stock deal, which means that the value of the proposal fluctuates based on the stock market. In addition, certain fund managers who own Codemasters “have reportedly expressed dissatisfaction with the Take-Two deal due to its equity component and the comparatively modest premium it represented over the unchanged price of the British company’s shares.”
