Electronic Arts has acquired Codemasters by blowing it to none other than Take-Two, the first to move to own the British software house . The US publisher then comes into possession of brands of great value such as the series F1, DiRT, Grid and Project Cars . A twist announced by some rumors in the past few hours, which became official thanks to the agreement reached by EA with the board of directors of Codemasters. The transaction is valued at approximately 1.2 billion dollars and will be completed in the first quarter 2021.

“Electronic Arts and Codemasters share an ambition to dominate the automotive video game category. The board of directors of Codemasters strongly believes that the company would benefit from EA’s knowledge, resources and global size, both in general and in the racing industry. that this union will provide an exciting and prosperous future for Codemasters , allowing our teams to create, present and provide greater services and make better games for an extremely passionate audience, “said Gerhard Florin, president of Codemasters.

“We believe that there is a really interesting opportunity you in bringing together Codemasters and Electronic Arts to create amazing and innovative new racing games. Our industry is growing, the racing game genre is thriving and together we will be positioned to lead a new era of entertainment. For many years we have admired Codemasters’ creative talent and high quality games . We are delighted that both of our boards of directors are supporting this transaction and look forward to welcoming such an exciting and talented team into the Electronic Arts family, “said Andrew Wilson, CEO of Electronic Arts.

Frank Sagnier, CEO of Codemasters, and Rashid Varachia, CFO of Codemasters, together with the current management team will continue to lead Codemasters even after joining the ranks of Electronic Arts.