Take-Two “will continue to pursue selectively organic and inorganic opportunities”.
EA looks certain to gobble up UK publisher Codemasters following the confirmation that rival bidder Take-Two has withdrawn its previous offer.
Take-Two announced that it was attempting to buy Codemasters – which is one of the UK’s longest-running games companies – late last year, and valued the firm at $980m. However, EA agreed to an increased offer of $1.2 billion, causing Codemasters’ board of directors to withdraw its recommendation for the Take-Two deal and instead opt for the EA bid.
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