Codemasters’ Board of Directors Agree to Terms of EA Takeover; Acquisition Inches Closer

Dirt 5

The board of directors of Codemasters, the developers behind popular racing game franchises such as F1 and Dirt, have voted in favor of accepting EA’s proposed acquisition terms.

Recommended Videos

While the directors are on board with EA’s proposal there are still a few other hoops that need to be jumped through before everything is official and Codemasters is formally acquired by EA as outlined by VGC.

First, the shareholders of Codemasters need to vote and agree to the terms. As VGC notes, the directors are recommending to shareholders that they do vote to move forward with the acquisition. And the after that, a court hearing will be held to approve the deal.

All the while EA still has the ability to rescind their offer or allow it to lapse without finalizing should they change their mind hypothetically for whatever reason. In other words, nothing is locked in just yet, but it is rapidly heading in the direction of acquisition.

Last year, Take-Two made a move to acquire Codemasters but EA was able to swoop in with a deal that the Codemasters board apparently found more favorable, and Take-Two’s offer lapsed as a result.


Twinfinite is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more
related content
Read Article Load From Last Inn Rest Causing Players to Lose Their Autosaves in Dragon’s Dogma 2
Dragon's Dogma 2 medusa gaze turning soldiers to stone
Read Article Players Are Speculating on What the GTA 6 Phone Apps Will Be
GTA 6 Fans Are Already Speculating on What Apps the Phone Will Have
Read Article The Impact Akira Toriyama Had on Gaming Can’t Be Understated
Photo of Akira Toriyama in His Office
Related Content
Read Article Load From Last Inn Rest Causing Players to Lose Their Autosaves in Dragon’s Dogma 2
Dragon's Dogma 2 medusa gaze turning soldiers to stone
Read Article Players Are Speculating on What the GTA 6 Phone Apps Will Be
GTA 6 Fans Are Already Speculating on What Apps the Phone Will Have
Read Article The Impact Akira Toriyama Had on Gaming Can’t Be Understated
Photo of Akira Toriyama in His Office
Author
Ed McGlone
Ed McGlone was with Twinfinite from 2014 to 2022. Playing games since 1991, Ed loved writing about RPGs, MMOs, sports games and shooters.