Take-Two walks away from Codemasters, paving way for EA purchase Eurogamer.net If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Take-Two walks away from Codemasters, paving way for EA purchase U-turn. News by Wesley Yin-Poole Deputy Editorial Director Updated on 13 Jan 2021 19 comments Take-Two has allowed its offer for UK games company Codemasters to lapse, paving the way for EA to seal the deal. In November 2020, Borderlands and Grand Theft Auto publisher Take-Two agreed on a near-$1bn pricetag to snap up racing giant Codemasters. But in December, EA swooped in with a $1.2bn offer, which was accepted by the Codemasters board. EA's offer is all-cash, valuing Codies at £6.04 for each ordinary share. Watch on YouTube Eurogamer Next-Gen News Cast - What to look forward to in 2021 Now, Take-Two has officially walked away, but insisted it's still on the hunt for game developers. "Take-Two remains a highly disciplined organisation and, with its strong balance sheet, will continue to pursue selectively organic and inorganic opportunities that are designed to enhance the company's long-term growth and deliver results to its shareholders," Take-Two said in a statement. Last month, EA said it hoped to complete the Codemasters deal during the first quarter of 2021. Assuming it goes through, the deal would bring the UK's racing game powerhouse developer under the same umbrella as Criterion, the developer behind Burnout and Need for Speed. Codemasters develops a number of owned intellectual property, including Dirt, F1, and Grid. Become a Eurogamer subscriber and get your first month for £1 Get your first month for £1 (normally £3.99) when you buy a Standard Eurogamer subscription. Enjoy ad-free browsing, merch discounts, our monthly letter from the editor, and show your support with a supporter-exclusive comment flair! Support us View supporter archive More News Google announces cloud gaming Chromebooks less than a fortnight after Stadia shutdown GeForce Now preinstalled. 4 Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Lady Dimitrescu will be a tad smaller in Resident Evil Village's Mercenaries DLC Level the playing field. 1 Overwatch 2 suffers another DDoS attack and character roster bugs Mei Mei. 13 Latest Articles Digital Foundry Nvidia GeForce RTX 4090: a new level in graphics performance The Digital Foundry video review - and how the new GPU champion delivers for 4K 120fps gaming. Feature Evercore Heroes wants to wind people up the right way "There's less rage at them, because they didn't end your fun." Google announces cloud gaming Chromebooks less than a fortnight after Stadia shutdown GeForce Now preinstalled. 4 Genshin Impact Path of Gleaming Jade dates, login event rewards Including other anniversary rewards and how to claim them. Supporters Only Premium only Off Topic: Take a minute to appreciate Cookin' with Coolio's incredible scallops recipe. What a great book. Premium only Off Topic: Reading City of Glass in comic form "Where exactly am I going?" Premium only Off Topic: Il Buco is a transporting film about a really big hole Underlands. Off-Topic Netflix handled Sandman brilliantly It was Dreamy. 9 Buy things with globes on them And other lovely Eurogamer merch in our official store! Explore our store