British videogame maker Codemasters agrees to Take-Two’s 759 million pounds buyout offer

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In this news, we discuss the British videogame maker Codemasters agrees to Take-Two’s 759 million pounds buyout offer.

(Reuters) – UK-based video game developer Codemasters Group Holdings has accepted Take-Two Interactive Software Inc’s takeover offer for 485 pence per share, the US video game maker said on Tuesday.

The cash and stock offering, announced last week, gives the creator of Formula 1 games a net worth of around £ 759 million (roughly $ 1.00 billion). The deal is expected to be concluded in the first quarter of 2021.

Report by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi

Original © Thomson Reuters Corporation

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