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Codemasters bought out by Electronic Arts
Codemasters, developers of the annual official Formula 1 games, have been bought by American software corporation Electronic Arts. Codemasters, who are the UK-based software house that are responsible for the development and publication of the annual F1 game series, have been bought out by EA Games. The purchase has been rumoured for some time, with Codemasters initially looking set to be bought out by Take Two Interactive. However, this triggered a bidding war, with EA Games finally winning with a bid of $1.2 billion dollars. 'Electronic Arts and Codemasters have a shared ambition to lead the video game racing category,' commented Gerhard Florin, Chairman of Codemasters. 'The Board of...
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