Why EA Wants to Buy This Racing Game Maker for $1.2 Billion
On Dec. 14th, 2020, Electronic Arts (NASDAQ: EA) announced its intention to buy United Kingdom gaming studio Codemasters (LSE: CDM) for $1.25 billion. EA's bid is at a 14% premium to the price Take-Two Interactive (NASDAQ: TTWO) offered in November. What is Codemasters?