While EA’s offer has not been revealed, Sky News notes that it is working with bankers at UBS on its offer and that it will likely to be disclosed to the stock market on Monday, December 14, and will be a “substantial premium to Codemasters’ closing share price on Friday of 534p.”
Take-Two’s offer is a cash-and-shares deal, which means that the value of the proposal fluctuates depending on the stock market. Additionally, certain fund managers who own Codemasters have “reportedly expressed dissatisfaction with the Take-Two deal because of its equity component and the comparatively modest premium it represented to the British company’s undisturbed share price.”
Codemasters’ latest game, Dirt 5, was released alongside the launch of the PlayStation 5 and Xbox Series X/S. In our Dirt 5 review, we said that it “represents a complete about-face for the main Dirt series, shedding virtually all semblance of simulation in favour of an unabashed, arcade-inspired racing experience that draws from just about every influence you can name except its direct predecessor.
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Adam Bankhurst is a news writer for IGN. You can follow him on Twitter @AdamBankhurst and on Twitch.
