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Electronic Arts to buy UK’s Codemasters in $1.2 billion deal

Electronic Arts to buy UK’s Codemasters in $1.2 billion deal

December 14, 2020

(Reuters) – Computer games firm Electronic Arts said on Monday it had reached an agreement to buy Codemasters in a deal worth $1.2 billion, trumping an earlier agreement between the British company and rival Take-Two Interactive Software.

Under the deal, Codemasters shareholders will receive 604 pence per share, compared with the 485 pence per share Take-Two had offered.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Aditya Soni)

The post Electronic Arts to buy UK’s Codemasters in .2 billion deal first appeared on One America News Network.

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