News EA gate-crashes £725m Codemasters takeover to bid against Take-two

Miles

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The American computer games giant Electronic Arts (EA) has gatecrashed the £725m takeover of Codemasters, the London-listed producer of some of the world's most popular motor racing titles.

Sky News has learnt that EA has tabled a potentially knockout bid for Codemasters, trumping an offer agreed last month with Take-Two Interactive Software, maker of the Red Dead franchise.

A gaming industry sources said this weekend that EA was working with bankers at UBS on its offer.

 
Oh dear, I hope they go with the Take Two bid, because at least they don't totally destroy studios when they take them over (...well...unless they're Irrational Games :(). EA, on the other hand...scary stuff there!
 

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