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EA are one step closer to buying CodemastersCodies shareholders have voted to approve EA’s plans
Codies shareholders have voted to approve EA’s plans
Codemasters shareholders have voted to approve EA’s bid to buy the company, bringing theF1andDirtdevs one step closer to joining the video games megacorp. Take-Two, the owners of 2K and Rockstar, had previously put in a bid but EA are offering a larger suitcase of cash. The deal is still not fully settled so we could see another upset, but it seems to be going ahead.
DIRT 5 | Official Launch Trailer | Out NowWatch on YouTube
DIRT 5 | Official Launch Trailer | Out Now
Afinancial documentsays that shareholders representing 98.61% of Codies shares voted in favour of the buyout. That’s a big yes. The deal isn’t fully finalised, with a court hearing to sanction the scheme to follow on the 16th of February, but this was a big step.
It’s been a strange race. Take-Two’s bid got far enough along for them tomake big statements about how great it’ll be, then they backed down after EA rolled up. EA’s bid values Codemasters at a bit over £900 million ($1200m).
“In an industry where IP is deeply valuable, the union of EA and Codemasters will create a global leader in racing entertainment,” EA said in December.
Theconsolidation of the games industrytrundles along, pausing at the traffic lights to wait for a green.
