Today, EA have officially announced the completion of their acquisition of Codemasters, the development studio behind many racing game series such as F1, Dirt Rally and Grid. EA officially complete the acquisition of Codemasters
Publisher of many beloved franchises, Electronic Arts (EA), today announced the completion of its acquisition of Codemasters for "604 pence (approximately US$8.37) in cash for each ordinary share of Codemasters with an implied enterprise value of US$1.2 billion."
With this acquisition, EA are expanding their racing games portfolio with some amazing racing series such as Dirt, Dirt Rally, Project Cars, the official F1 game, Grid and more. It's safe to say that the publisher are now the world leader when it comes to games from this particular genre.
What exactly we can expect from EA in the future it remains to be seen but we hope to get even better games now that Codemasters have more money and manpower to deliver their vision. Oh, and microtransactions are something that we really don't want, EA, unless that's not been clear until now.
Below, you can find official statements from EA and Codemasters' CEOs:
"This is the beginning of an exciting new era for racing games and content as we bring together the talented teams at Electronic Arts and Codemasters," said Andrew Wilson, CEO of EA.
Codemasters CEO stated that this is a huge milestone in the history of Codemasters and the partnership with EA will take their games to another revel and introduce them to new audiences.
"Today is a landmark in Codemasters' history, and an exciting day for our employees and players," said Frank Sagnier, CEO of Codemasters. "The partnership with EA will enable our teams to take our highly-acclaimed franchises to new heights and reach a huge global audience through their player network. Together we can redefine the landscape of racing games to create even more compelling experiences for racing fans around the world."