GTA publisher Take Two confirms purchase of Codemasters in deal worth nearly $1bn
GTA publisher Take-Two confirms purchase of Codemasters in deal worth nearly $1bn Eurogamer.net If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. GTA publisher Take-Two confirms purchase of Codemasters in deal worth nearly $1bn Driving up profit. News by Tom Phillips Deputy Editor Updated on 10 Nov 2020 49 comments Borderlands and Grand Theft Auto publisher Take-Two has agreed on a near-$1bn pricetag to snap up British racing giant Codemasters. Take-Two announced today it had shook hands on a $994m (£759m) deal which is expected to be completed in spring 2021. Codemasters will join fellow Take-Two-owned labels such as 2K, Rockstar Games and Private Division. There's no word as yet how its own studios or output will specifically be affected, but in a statement released via Business Wire to announce today's news, Take-Two boss Strauss Zelnick said that Codies' racing output would fit well with his publishing giant's existing sports fare - while Codies would benefit from Take-Two's distribution and marketing. At least in the short term, it doesn't sound like Codies is being made to work exclusively on the cars for GTA6. Codemasters' latest racer, Dirt 5, released this week, and here's Eurogamer's Ian Higton giving it a go. "We are exceedingly pleased to announce this recommended transaction with the Board of Codemasters," Zelnick trumpeted. "Codemasters has a renowned history of creating some of our industry's most beloved and commercially successful racing franchises, and we believe that their offerings will be highly complementary to our sports portfolio and enhance further our organisation's long-term growth. "Moreover, we look forward to welcoming Codemasters' senior management and development teams into our Take-Two family, and sharing in our vision to deliver the highest quality entertainment experiences and aim to be the most innovative, creative and efficient company in our industry." 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 Splatoon 3 Amiibos will be out next month Ink-coming! 3 Fans think Phil Spencer's shelf is teasing the Xbox Game Pass streaming box UPDATE: Xbox confirms old Keystone prototype. 59 Modder dives into Demon's Souls files following PS5 jailbreak, discovers fabled Ring of the Chieftain Who knows what's nexus? 3 Google announces cloud gaming Chromebooks less than a fortnight after Stadia shutdown GeForce Now preinstalled. 10 Latest Articles Preview Football Manager's new Console edition is the best you'll get without a PC Getting Touch-right. Splatoon 3 Amiibos will be out next month Ink-coming! 3 Fans think Phil Spencer's shelf is teasing the Xbox Game Pass streaming box UPDATE: Xbox confirms old Keystone prototype. 59 Modder dives into Demon's Souls files following PS5 jailbreak, discovers fabled Ring of the Chieftain Who knows what's nexus? 3 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