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Take-Two to Buy U.K. Game Maker Codemasters for $956 Million
Source: Codemasters Group
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Take-Two Interactive Software Inc., the company behind popular video games including Grand Theft Auto and NBA 2K, agreed to buy the British developer Codemasters Group Holdings Plc in a cash-and-stock deal valued at about 726 million pounds ($956 million).
The offer values Codemasters at 464 pence per share based on Take-Two’s last closing price, the company said in a statement on Tuesday. The companies had disclosed the negotiations on Nov. 6 after the talks leaked to the press.