There is some exciting news that we believe it will turn your grey day into a rainbow full of candies. It was announced that Take-Two has finally reached an agreement with the Board of Codemasters for its purchase under Take-Two.
These two companies have successfully acquired a $944 million deal which is expected to be closed in the spring of 2021. Take-Two will join the team of well-known companies such as 2K, Rockstar Games, and Private Division.
Below you can see what Strauss Zelnik (CEO and Chairman of Take-Two) and the Chairman of Codemasters have said about this new partnership, thanks to Business Wire:
“We are exceedingly pleased to announce this recommended transaction with the Board of Codemasters,” said Strauss Zelnick, Chairman and CEO of Take-Two. “Codemasters has a renowned history of creating some of our industry’s most beloved and commercially successful racing franchises, and we believe that their offerings will be highly complementary to our sports portfolio and enhance further our organization’s long-term growth. Moreover, we look forward to welcoming Codemasters’ senior management and development teams into our Take-Two family and sharing in our vision to deliver the highest quality entertainment experiences and aim to be the most innovative, creative, and efficient company in our industry.
“With a leading position in sports gaming, the Board of Codemasters firmly believes the Company will benefit from Take-Two’s broad capabilities which will help propel the long-term success of Codemasters,” said Gerhard Florin, the Chairman of Codemasters. “In recommending this offer to shareholders, the Board of Codemasters believes it is in the best interests of all stakeholders in the Company. Take-Two’s offer reflects the great work the management team has done since listing on AIM in 2018 at 200p and delivers an excellent return for shareholders in just two and a half years.”