Home ยป Codemasters Shareholders Vote To Approve EA Takeover

Codemasters Shareholders Vote To Approve EA Takeover

3790386 ea to release new racing game every year after codemasters acquisition 1612354043564 - Codemasters Shareholders Vote To Approve EA Takeover

EA is about to amass the studio behind Filth and F1 for $1.2 billion.

Codemasters shareholders have voted to formally approve the corporate’s sale to EA. The takeover ought to now be legally sanctioned throughout a court docket listening to on February 16, pending different competitors regulation approvals, finalising EA’s $1.2 billion acquisition of the sport developer and writer.

As reported by VGC, 63 of the 76 shareholders voted in favour of approving the deal throughout a distant court docket assembly on Wednesday, which represents practically 99% of shares held. The Codemasters board of administrators had beforehand really helpful that the corporate’s shareholders vote in favour of the acquisition, saying that EA’s expertise in creating stay service video games, together with its wealth of assets, would permit EA to dominate the racing sport style as soon as it provides the assorted Codemasters studios to its assortment.

As soon as the deal is finalised, racing franchises akin to Dirt, Dirt Rally, Grid, and F1 will probably be added to EA’s library of video games. Codemasters additionally just lately secured the rights to the FIA World Rally Championship (WRC) and acquired Slightly Mad Studios, the developer behind Project Cars and Fast & Furious Crossroads.

Take-Two initially provided Codemasters $994 million back in November earlier than EA made its counter-offer. Throughout its third-quarter earnings outcomes on Tuesday, EA stated the deal would allow the corporate to launch new racing games annually.

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