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Take-Two Seeks to Buy U.K. Video-Game Company for $974 Million
- Codemasters is known for Colin McRae, Formula 1 racing games
- Maker of Grand Theft Series sees complementary title lineup
Photographer: Arterra/Universal Images Group
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Take-Two Interactive Software Inc., the company behind popular video games like Grand Theft Auto and NBA 2K, offered to buy the British game developer Codemasters Group Holdings Plc for about $974 million.
Codemasters, based in Southam, England, said Friday its board will recommend shareholders accept the cash-and-stock proposal if Take-Two proceeds with a formal bid. The offer values Codemasters at 485 pence per share, the company said, or about 739 million pounds. Take-Two confirmed the terms in its own statement.