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F1 game developer Codemasters set for $1.2bn takeover by EA
Codemasters, the developer behind recent Formula 1 game titles on Playstation, Xbox, Nintendo and mobile is set to be acquired by Electronic Arts (EA), in a deal worth $1.2 billion (£900m). Codemasters, a UK-based games developer, is best known for its F1 titles as well as its DIRT and GRID franchises, with a heavy focus on racing games. Just last month it was in talks to be sold to Grand Theft Auto creators Take Two Interactive in a deal which valued the company at £750m ($970m), but it seems EA entered a bidding war, pushing the price up to $1.2bn. EA has reached an agreement to pay £6.04 in cash per share and if the deal gets the go-ahead, it's expected to be completed early next...
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