F1 2013

EA Buys Codemasters For $1.2 Billion


California-based Electronic Arts [EA] has purchased UK-based Codemasters for a reported $1.2 billion.

Codemasters originally had a deal with Take-Two Interactive Software but EA emerged with a higher offer, which Codemasters accepted.

EA owns the “Need for Speed” franchise while Codemasters is known for their Formula One games for Sony’s Playstation consoles.

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