EA moves closer to $1.2 billion Codemasters purchase

For a while, it seemed that Take-Two Interactive would be Codemasters’ destination. The Grand Theft Auto publisher made a bid of almost $1 billion in November, but EA swooped in with a higher offer the following month. 

In its quarterly earnings report, EA said it’ll be able to release new racing games every year after it seals the purchase. EA already has some racing franchises in its portfolio, including the Need for Speed and Burnout games. After the deal goes through it will add the likes of Dirt, Grid, Project Cars and the F1 series to its stable.

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