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Take-Two have begun talks to buy Dirt developers CodemastersA race to the dotted line
A race to the dotted line
Hold up, don’t go racing off into the weekend just yet. The developers ofDirt 5, which just released yesterday, say they’ve received a possible buyout offer from Take-Two Interactive who own the creators of other sporty games 2K and Rockstar Games as well. Take-Two say they believe it would be a “highly complementary fit”. Ah, romance.
Accordingto Reuters, Codemasters announced that the proposed deal values the developer at £739.2 million / $973.01 million and would be paid part in cash and part in Take-Two shares.
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As the company courtship dance goes, Take-Two have published their own press release about the proposal, explaining what they see in a partnership between the two.
The offer has not yet been finalised and is still, in legal-y terms, a “possible offer”, but Take-Two say that it is the current intention of the Board of Codemasters to recommend shareholders accept the deal.
It’s a busy week for Codemasters, who just launched Dirt 5 yesterday and are currently planning a patch for next weekto address its crashing and performance problems.
