Codemasters, the legendary British publisher behind the recently released DIRT 5, has confirmed that it’s in talks with Take-Two over a possible takeover. Video Games Chronicle reports that an internal statement revealed conversations were taking place between the firm and 2K Games’ parent company. The figure currently being thrown around is £740 million (~$973 million).
It’s important to note that nothing has been made official yet, although should Take-Two push on, then Codemasters’ board has said that it will recommend shareholders accept the offer. In a comment sent to VGC, Take-Two explained that the potential takeover “would bring together two world-class interactive entertainment portfolios”.
It added: “Take-Two believes that it can bring benefits to Codemasters’ performance by leveraging Take-Two’s global distribution and 2K’s core operating expertise in publishing, including live operations, analytics, product development, and brand and performance marketing.” Codemasters currently holds the rights to the F1 and WRC license, which would likely be ripe for the 2K Sports treatment.
Of course, there’s a long way to go before this is a done deal, but we’re continuing to see signs of consolidation occurring in the video game industry. Microsoft has been making moves for the past two years, which has culminated in the acquisition of Bethesda. Meanwhile, Warner Bros’ interactive arm was also recently floated on the market, but there were no takers.