In November 2023, it became known that the company Take-Two Interactive close to buying a British publishing house Codemasters, which specializes in the development of racing games. The deal was valued at $ 973 million.
However, the signing of the agreement was thwarted by a competitor. As the portal reports GamesIndustry, company Electronic Arts interrupted Take-Two Interactive’s offer by offering to pay $ 1.2 billion for Codemasters.
According to preliminary data, the transaction may be completed as early as 2023. According to the head of EA Andrew Wilson, the video game industry continues to grow, and with it the category of racing games. Both companies are interested in taking a leading position in the market.
During the transition period, the structure of the Codemasters leadership will not change. It will be headed by the current head of the publishing house Frank Sagnier… The key asset of the British company is a license from “Formula 1“for the production of official games.
The studio found itself in an interesting situation Slightly Madwhich has recently become part of Codemasters. As you know, she collaborated with EA, releasing for the publisher Need for Speed: Shift and Need for Speed Shift 2: Unleashed…
Later chapter of Slightly Mad Ian Bell accused EA of unfair behavior. According to the top manager, the publishing house tried to destroy the studio.
The development team promised to pay an advance of $ 1.5 million for production Shift 3, after which the project was suddenly canceled. According to the terms of the agreement, the studio could not use the existing developments in other projects.
At the same time, EA contacted valuable Slightly Mad employees, inviting them to move to a new job. Several people did so in the end, and the studio itself was saved by the launch of a crowdfunding campaign for development Project CARS.
Read also: Project CARS has 3 problems? DriveClub creators left Codemasters for the second time
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