Electronic Arts To Acquire Codemasters Group Holdings
Summary
Redwood City, California-based Electronic Arts Inc. (NASDAQ: EA) has reached an agreement with the Board of Codemasters for the recommended acquisition of Codemasters, the UK-based game developer and publisher. Bringing together the combined expertise and talent from Codemasters’ sports and racing franchises Formula One, DiRT, DiRT Rally, Grid and Project Cars with EA’s global Need for Speed franchise, fan-favorite Real Racing mobile game and EA SPORTS brands will enable the teams to innovate further, and increase the delivery of content and experiences to a growing, global audience for racing entertainment. Led by Andrew Wilson, CEO, Electronic Arts develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. In fiscal year 2020, EA posted GAAP net revenue of $5.5 billion. It is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS™ FIFA, Battlefield™, Apex Legends™, The Sims™, Madden NFL, Need for Speed™, Titanfall™ and Plants vs. Zombies™.
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