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A bidding war may start soon for the British racing game icon
Take-Two’s impending takeover of British racing studio Codemasters has been interrupted by EA, Sky News reports.
Electronic Arts, which already owns a racing studio in the UK in the form of Criterion, developer of Need for Speed and Burnout, is expected to reveal itself as one of the stakeholders tomorrow.
Take-Two had already reached an agreement on the terms of the offer, which valued the public company at 726 million pounds ($ 956 million). The deal was expected to be finalized early next year.
EA and Take-Two are the two largest sports game publishers in the world, and both will be interested in Codemasters’ hit F1 racing series, which has expanded into esports in recent years and continues to grow in popularity. .
Codemasters also develops the Dirt and Grid franchises, and this year it obtained the license for the WRC racing series. Codemasters also bought Slightly Mad Studios late last year, which is best known for Project Cars racing intellectual property.
Take-Two is not well known for its racing games, although its Rockstar label has developed the Midnight Club series, and Grand Theft Auto is famous for its driving elements. EA is more active in the racing genre and has recently moved development of its Need for Speed franchise to the UK.
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