Take-Two, the publishers of the famous Grand Theft Auto and Borderlands series, is in talks with Codemasters of a possible acquisition.
Codemasters, a UK-based game development company that started in 1986 is the developers of popular racing series games, including F1, Dirt, and more recently acquiring the license for future WRC games.
The deal, which is estimated to be around $973 million, is not officially agreed on, as Codemasters' shareholders must agree to the acquisition offer. Although, if Take-Two is firm with this offer, Codemasters' Board will be pushing shareholders to accept this offer.
At $973 million, this offer is higher than Codemasters' current market value of just over $873 million. Take-Two has until December 4th to finalize the proposal and terms of the acquisition. From there, it is up to Codemasters' Board and shareholders whether or not they will accept the offer.
If Take-Two can acquire Codemasters this year, this will be their second acquisition. Earlier this year, Take-Two acquired Ruffian Games and renamed them Rockstar Dundee, while integrating them with Rockstar Games.