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Electronic Arts completes the acquisition of Codemasters for $1.2 billion

Electronic Arts completes the acquisition of Codemasters for $1.2 billion

Electronic Arts has completed the acquisition of Codemasters, one of the UK’s longest-running and most-storied studios. A press release confirmed that the sale price was “604 pence (approximately US$8.37) in cash for each ordinary share of Codemasters with an implied enterprise value of US$1.2 billion.”

Though latterly known for its expertise in racing games, Codemasters was founded in 1986 by brothers David and Richard Darling and, working across platforms from the ZX Spectrum to Commodore 64, quickly established a reputation for quality titles: as well as a willingness to cock a snook at platform-holders with unusual products like the Game Genie.


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