Take-Two buys Codemasters for $1 billion

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SolidGame_basic

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#1 SolidGame_basic
Member since 2003 • 29240 Posts

https://www.eurogamer.net/articles/2020-11-10-gta-publisher-take-two-will-buy-codemasters-for-nearly-usd1bn

Borderlands and Grand Theft Auto publisher Take-Two has agreed on a near-$1bn pricetag to snap up British racing giant Codemasters.

Take-Two announced today it had shook hands on a $994m (£759m) deal which is expected to be completed in spring 2021.

Codemasters will join fellow Take-Two-owned labels such as 2K, Rockstar Games and Private Division.

There's no word as yet how its own studios or output will specifically be affected, but in a statement released via Buisness Wire to announce today's news, Take-Two boss Strauss Zelnick said that Codies' racing output would fit well with his publishing giant's existing sports fare - while Codies would benefit from Take-Two's distribution and marketing.

At least in the short term, it doesn't sound like Codies is being made to work exclusively on the cars for GTA6.

"We are exceedingly pleased to announce this recommended transaction with the Board of Codemasters," Zelnick trumpeted. "Codemasters has a renowned history of creating some of our industry's most beloved and commercially successful racing franchises, and we believe that their offerings will be highly complementary to our sports portfolio and enhance further our organisation's long-term growth.

"Moreover, we look forward to welcoming Codemasters' senior management and development teams into our Take-Two family, and sharing in our vision to deliver the highest quality entertainment experiences and aim to be the most innovative, creative and efficient company in our industry."

Thoughts, SW? Good news or bad news for you? I think it's good news...well until they start implementing NBA 2k esque microtransactions and crap... then that will be the end of a decent company like Codemasters lol

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Pedro

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#2 Pedro
Member since 2002 • 46325 Posts

Its neutral news at the moment. Like I have parroted several times, these consolidations are not good for the industry.

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SecretPolice

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#3 SecretPolice
Member since 2007 • 37446 Posts

Take-Two buys Codemasters for $1 billion in preparation for MS buying Take-Two.

Fixed. lol :P

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R4gn4r0k

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#4 R4gn4r0k
Member since 2004 • 36054 Posts

Some big AAA companies are buying some big mid tier developers/companies.

Not sure if that is a good thing. I guess we'll see in the long run, but I'm expecting some nasty side effects.

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Zero_epyon

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#5 Zero_epyon
Member since 2004 • 15998 Posts

@SecretPolice said:

Take-Two buys Codemasters for $1 billion in preparation for MS buying Take-Two.

Fixed. lol :P

Damn I was gonna say the same but for Sony lol! I remember some rumors that Sony was looking to buy Take-Two a while back. Was that a thing?

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SecretPolice

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#6 SecretPolice
Member since 2007 • 37446 Posts

@Zero_epyon said:
@SecretPolice said:

Take-Two buys Codemasters for $1 billion in preparation for MS buying Take-Two.

Fixed. lol :P

Damn I was gonna say the same but for Sony lol! I remember some rumors that Sony was looking to buy Take-Two a while back. Was that a thing?

Lol great minds and all that Jazz. :P

But yes, I do recall some talk not too long ago about Sony wanting Take_two though not sure how realistic that was.

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Archangel3371

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#7 Archangel3371  Online
Member since 2004 • 33456 Posts

Doesn’t really do anything for me as I’m not really into any stuff made by Code Masters. 🤷‍♂️

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Juub1990

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#8 Juub1990
Member since 2013 • 10632 Posts

Any chance they can take a few guys from there to implement proper driving mechanics in GTA?

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lamprey263

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#9 lamprey263
Member since 2006 • 38058 Posts

I hope they keep putting out Dirt games. I wonder if they want to revive Midnight Club.

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Zero_epyon

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#10 Zero_epyon
Member since 2004 • 15998 Posts

@SecretPolice said:
@Zero_epyon said:
@SecretPolice said:

Take-Two buys Codemasters for $1 billion in preparation for MS buying Take-Two.

Fixed. lol :P

Damn I was gonna say the same but for Sony lol! I remember some rumors that Sony was looking to buy Take-Two a while back. Was that a thing?

Lol great minds and all that Jazz. :P

But yes, I do recall some talk not too long ago about Sony wanting Take_two though not sure how realistic that was.

yeah clearly they can throw around a billion dollars so they're probably not looking to sell just yet.

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robert_sparkes

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#11 robert_sparkes
Member since 2018 • 4883 Posts

Its a lot of money but been playing dirt 4 on gamepass and must say its a quality rally game. With a bigger budget can see them putting out some high quality stuff.

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sakaiXx

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#12 sakaiXx
Member since 2013 • 10439 Posts

Pretty neutral. Codemaster recent arcade racing push isn't well received either so it might be worse or it might get codemaster to return to sim again.

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Litchie

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#13 Litchie
Member since 2003 • 27083 Posts

Always sad when a studio sell themselves out and become much worse.

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2Chalupas

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#14  Edited By 2Chalupas
Member since 2009 • 7212 Posts

I like their racing games as is, so this kind of sucks. It can only be bad news for F1 and Dirt franchises if we look at 2K's annualized franchises.

On the other hand, maybe now somebody gets them to do another Operation Flashpoint since I believe Codemasters still has that franchise?

edit: also as someone mentioned above, maybe with Codemasters doing racing games they can crank out a Midnight Club (though I don't believe any of Codemasters racing games were open world... so not exactly the same thing).

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robert_sparkes

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#15 robert_sparkes
Member since 2018 • 4883 Posts

I hope they continue creating rally games than the arcade forza horizon rip offs I feel dirt 4 is a very good rally game not played 5 but it looks to be more of the forza mould other than rally.

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ProtossRushX

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#16 ProtossRushX
Member since 2007 • 8483 Posts

Who the hell is codemasters I've never heard of em what a horrible purchase for 1 billion

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kingtito

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#17 kingtito
Member since 2003 • 11170 Posts

@ProtossRushX said:

Who the hell is codemasters I've never heard of em what a horrible purchase for 1 billion

So because you've never heard of them(not surprising) you think it's a horrible purchase? Educate yourself before condemning an action you know nothing about.

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robert_sparkes

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#18 robert_sparkes
Member since 2018 • 4883 Posts

A midnight club remake would be great some of the best racing games on the 360/PS3 era giving it to codemasters might be a wise move. Codemasters definitely have the experience to pull it off if given the resources.

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#19  Edited By iambatman7986
Member since 2013 • 3549 Posts

I guess we'll have to buy Take Two coins in order to get new tires in Dirt games now. I see Microtransactions in the Codemaster Games future.

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firedrakes

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#20 firedrakes
Member since 2004 • 2850 Posts

i know code master not been doing well money wise.

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speedfreak48t5p

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#21 speedfreak48t5p
Member since 2009 • 14030 Posts

@ProtossRushX said:

Who the hell is codemasters I've never heard of em what a horrible purchase for 1 billion

And the award for dumbest post of 2020 goes to..........this guy.

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sealionact

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#22 sealionact
Member since 2014 • 6581 Posts

@speedfreak48t5p: ...and yet it was the least dumb thing he's posted in 2020.

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StrongDeadlift

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#23 StrongDeadlift
Member since 2010 • 5790 Posts

I hope this means we can finally get a good Midnight Club game, if Rockstar lets them make it.

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GameboyTroy

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#24 GameboyTroy
Member since 2011 • 9257 Posts

This is bad news because Take-Two will make Codemasters put microtransactions in their future games.

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BenjaminBanklin

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#25 BenjaminBanklin
Member since 2004 • 7509 Posts

Is Codemasters even worth that much? I would have offered them 12 mil and a basement

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pelvist

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#26 pelvist
Member since 2010 • 8042 Posts

Seems a bit much tbh.