The agreement between Electronic Arts and Codemasters comes just a month after Take-Two Interactive agreed to buy the F1 and Dirt series developer for $994.
In a turn of events, the DiRT developer Codemasters is going to be acquired by Electronic Arts for $1.2 billions, instead of Take-Two Interactive.
A month ago it all looked like a sealed job between the GTA parent company, and Dirt and F1 series studio's parent company Codemasters Group Holdings, with the agreed price of $994 for the acquisition.
But, Electronic Arts have jumped in with a better offer, and the agreement was made between the two companies. The acquisition is anticipated to be completed in the first quarter of calendar 2021.
In their statement about the deal, EA have said:
We believe there is a deeply compelling opportunity in bringing together Codemasters and Electronic Arts to create amazing and innovative new racing games for fans. Our industry is growing, the racing category is growing, and together we will be positioned to lead in a new era of racing entertainment.
We have admired Codemasters’ creative talent and high-quality games for many years. With the full leverage of EA’s technology, platform expertise, and global reach, this combination will allow us to grow our existing franchises and deliver more industry-defining racing experiences to a global fan base.
Bringing together the combined expertise and talent from Codemasters’ critically-acclaimed sports and racing franchises Formula One, DiRT, DiRT Rally, Grid and Project Cars with EA’s global Need for Speed franchise, fan-favorite Real Racing mobile game and EA SPORTS brands will enable our teams to innovate further, and meaningfully increase the delivery of content and experiences to a growing, global audience for racing entertainment.
For the full list of Codemasters games, click HERE .