6 Firms Build $994M Deal For UK Video Game Developer
Law360 (November 10, 2020, 3:23 PM EST) -- New York City-based Take-Two Interactive Software Inc. will acquire U.K. peer Codemasters for roughly £759 million ($994 million) and form a single leader in the realm of sports and racing video games, the companies said Tuesday, in a deal guided by six law firms.
The agreement sees Take-Two purchasing Codemasters for a per-share cost of 120 pence ($1.58) in cash and 0.02834 shares of Take-Two common stock, according to a statement. In total, the deal values Codemasters at about £759 million, or 485 pence per share. Take-Two is the developer behind franchises including NBA 2K and Borderlands. Codemasters makes racing-related video...
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