Codemasters in talks to sell to Take-Two for £740mln

[poklane]

Starting to break now via Twitter, this Tweet via The Times' Tom Howard

Codmasters #CDM confirms in talks over possible £740mln sale to Take-Two, the Rockstar Games owner. Mulling an offer of 485p in cash and shares. Seems a bit tight...
Also worth noting that Codemasters #CDM shares have risen in each of the past 7 sessions - their best run since they floated 2 years ago...

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[lunanto]

nvm

 

[MouldyK]

Starting to break now via Twitter, this Tweet via The Times' Tod Howard

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Tom Howard...not Tod Howard. 🙈

 

[LilScooby77]

Damn.

 

[krae_man]

Grand Theft Dizzy!

 

[Deleted member 15360]

im sure few missed the "to"

 

[pappacone]

750m? What am I missing?

 

[poklane]

Tom Howard...not Tod Howard. 🙈

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whoops! fixed, thanks for pointing it out lol

 

[Fatmanp]

GTA 6 support studios just ramped up.

 

[Ringten]

Midnight club?

 

[Biosnake]

Wait what, how are they valued so highly?

 

[pappacone]

750m? What am I missing?

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im sure few missed the "to"

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ah ok

 

[_zoipi]

Is Codemasters worth so much with only delivering racing games? Guess they have a lot of non-racing back catalog Take Two would want like... Overlord? Operation Flashpoint?

 

[Chille]

Edit well I read that wrong
Eh is codemaster even worth that much nowadays

 

[CharlesAznable]

im sure few missed the "to"

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Lol was about to say codematers is a lot bigger than I thought haha.

 

[MouldyK]

Grand Theft Dizzy!

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Grand Theft Micro Machines!

 

[blastprocessor]

£740m jeez....

 

[nolifebr]

750m? What am I missing?

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Long term F1, WRC and Rally Cross licenses

 

[johancruijff]

well damn

 

[Deleted member 5028]

The Great Consolidations continue

 

[Aerial51]

And this shit continues ;/

 

[Raigor]

Wait what, how are they valued so highly?

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They have close to 1000 employees
They own several racing licenses
They are a public company

 

[Kalor]

I wouldn't have guessed they were valued so highly. But then they have a decent amount of ip and then active licenses like F1. Do hope they stay independant but who knows. Maybe they feel differently internally.

 

[christocolus]

Good for Take 2. If this works out I hope they take good care of Codemasters also I wonder if MS didn't have PG Games and T10 they would have probably jumped on this.

 

[Deleted member 5028]

Grand Theft Dizzy!

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Now THIS I can get behind :D

 

[NHale]

Get ready for F1 2021 where you have to spend VC to pit during a race.

 

[RisingStar]

Corporate consolidation at high speeds.

 

[poklane]

And this shit continues ;/

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I agree that consolidation sucks but at least they'll stay multiplatform.

 

[DarthBuzzard]

Don't let Take Two destroy another company, please.

 

[BasilZero]

Codemasters as in the racing dev?

 

[Onix555]

Another British company sold to the US, stripped bare and then destroyed.

 

[Raigor]

Codemasters as in the racing dev?

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Yes, they also own Slightly Mad Studios.

 

[Xando]

TakeTwo F1 games?

GTA with F1 driving?

 

[flaxknuckles]

I almost went crazy thinking THE FUCK until I noticed the "to" in the title.

 

[krae_man]

Grand Theft Micro Machines!

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[CrispyGamer]

3rd party buying 3rd party....this is the way

 

[Patitoloco]

Oh wow holy shit

I like Codemasters right now, but if they manage it correctly, getting more backup and funds can make the games so much better!

This deal lives or dies in how the T2 management gets their hands into Codemasters, but it's exciting to see.

 

[BasilZero]

Yes, they also own Slightly Mad Studios.

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So one of two things will happen.

The IPs/dev team will be stripped to nothing or...GTA will have better racing/driving (lol jk).


Hopefully if they do get sold to them...they wont end up barebones...

 

[MasteroFlich]

Gotta make that driving in n GTA6 more realistic.

 

[Hanbei]

 

[Nintendo]

Now imagine if Codemasters make a new Midnight Club game.

 

[cw_sasuke]

GTA 6 support studios just ramped up.

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Yup.

 

[johancruijff]

the F1 heist is gonna be fire in GTA6

 

[Bosch]

Hope they stay making racing games...

 

[Deleted member 864]

GTA 6 support studios just ramped up.

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Mhm.

 

[TheRealTalker]

Nom nom nom.

The Feast of the Giants continue.

Spoiler

Sadly.

 

[Deleted member 51789]

Considering their treatment of other sports titles (NBA 2K and WWE), this is very concerning especially as someone who really enjoys their F1 games...

 

[Acidote]

Can't wait to have a Codemasters racing game with the monetization model of NBA2K.

 

[Net_Wrecker]

VC to speed up F1 pits, and radiator repairs between rounds get hype

 

[Biosnake]

They have close to 1000 employees
They own several racing licenses
They are a public company

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Oh that makes sense.