Codemasters shareholders voted and approved the deal with Electronic Arts, which plans to acquire the English studio for $1. 2 billion. The legal authorization of the upcoming process at a February 16 hearing will then follow, as well as approval from antitrust organizations.
Next, on the 18th day, Codemasters shares will freeze, and the next day they will not be allowed to trade on the London exchange. The takeover is expected to end before the end of March.
EA‘s annual revenues will increase by about $100m thanks to the acquisition of Codemasters alone, and once fully integrated, the publisher will have huge potential for growth in the racing genre on consoles and mobile platforms. EA has already noted that thanks to the deal plans to produce at least one race each year.
In general, it’s unlikely to be difficult, because Codemasters produces fresh F1 every 12 months, and now it still has a license for WRC. In addition, English developers own the rights to Dirt, Dirt Rally, GRID and Project CARS, and among franchises of other genres it is worth noting Overlord and Operation Flashpoint.
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