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Codemasters, the company responsible for the current generation of Formula 1 games, will be bought by Electronic Arts.
British video game developer Codemasters has developed the annual Formula 1 game since its first release in 2009, although it hasn’t always garnered the best reviews.
In fact, over the years, Codemasters Formula 1 games have become known for some of the craziest glitches you’ll see in the video game industry, although the launch of F1 2020 was seen as a huge step forward. , both in terms of errors and in the simulation experience. of Formula 1 from the real world.
And now Codemasters will look to leverage the expertise of Electronic Arts under this deal, the developer responsible for some of the world’s most popular video game franchises, including FIFA, NHL and Madden.
The acquisition will be completed in the first quarter of 2021.
In what may have been a largely uneventful race, @ Max33Verstappen He won’t care about a thing, as he takes the victory and the fastest lap in the season finale! 🎉
It was too good for @ MercedesAMGF1 who return home P2 and P3 with @ValtteriBottas and @Lewis Hamilton respectively #AbuDhabiGP 🇦🇪 pic.twitter.com/660bMpdLuc
– Codemasters (@Codemasters) December 13, 2020
“Electronic Arts and Codemasters have a shared ambition to lead the video game racing category,” Codemasters President Gerhard Florin was quoted as saying by The Race.
“The Codemasters board strongly believes that the company would benefit from EA’s knowledge, resources and broad global scale, both generally and specifically within the racing industry.
“We believe this union would provide an exciting and prosperous future for Codemasters, allowing our teams to create, launch and service bigger and better games for an extremely passionate audience.”
It was initially believed that Take Two, the developer responsible for the Grand Theft Auto series, was going to complete the acquisition of Codemasters, but Electronic Arts overtook them late.
The Race reports that “the acquisition was announced with an implied enterprise value of $ 1.2 billion.”
Bringing together the combined experience and talent of the critically acclaimed racing and sports franchises from Codemasters, Formula 1, DiRT, DiRT Rally, Grid and Project Cars with EA’s global Need for Speed franchise, the Real mobile game Fan-Favorite Racing and EA Sports Brands enable our teams to further innovate and significantly increase the delivery of content and experiences to a growing global audience for racing entertainment, ”the statement announcing the acquisition reads.
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