Take-Two Interactive officially pulls purchase bid for Codemasters – Destructoid

Electronic Arts most likely to acquire UK studio

Earlier today, Take-Two told its investors that Codemasters had not organized any more conferences concerning the publishers acquisition quote, which ended on January 12. As such, Take-Two has officially withdrawed the offer, though it does seem that the publisher stays on the lookout for additional studios to include to its excellent portfolio.

Must Codemasters now pick to sell to Electronic Arts, which appears increasingly likely given EAs generous quote, the acquisition is anticipated to occur at some point early this year

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Take-Two– who already owns major designers Rockstar and 2K Games– put in a purchase deal for racing game specialist Codemasters back in November, with an approximated overall share worth of around $994 million. While Codemasters and its board of financiers initially expressed pleasure at the offer, Take-Twos strategies were scuppered when Electronic Arts dove in throughout the last phases, ultimately outbidding Take-Two to the tune of $1.2 billion.

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Take-Two Interactive has actually revealed that the time has formally lapsed on its bid for UK studio Codemasters and as such is no longer pursuing its plan of action to acquire the developer.