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

[Miles]

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.

Games giant Electronic Arts gatecrashes £725m Codemasters takeover

The $40bn US-based games giant EA has ignited a bidding war for Britain's Codemasters, Sky News understands.

news.sky.com

 

[PGen98]

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!