Take-Two Interactive is no longer bidding on Codemasters
(Windows Phone Central)

No more offers here, but options on other companies remain open. What you need to know Take-Two Interactive looked to acquire Codemasters but was outbid by EA. Take-Two Interactive announced today that it is letting its offer on Codemasters lapse. This means EA can acquire Codemasters without interference. Back in November 2020, Take-Two Interactive looked to acquire racing publisher Codemasters with a $973 million bid in cash and stock. This deal was then upset by EA announcing a $1.2 billion bid on Codemasters, which Take-Two Interactive has now responded to. Per a press release, Take-Two Interactive intends to lapse its offer for acquiring Codemasters. This means there will be no counter-bid. Take-Two Interactive appears to still be interested in purchasing gaming companies however, as the press release states that the company `will continue to pursue selectively organic and inorganic opportunities,` with inorganic growth obviously referring to acquisition. Take-Two Interact...