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F1 game developer Codemasters approves EA takeover
Electronic Art’s acquisition of Codemasters, the producers of the official Formula 1 game, has taken a step closer to being completed after Codemaster's board of directors voted in favour of the takeover. 63 of Codemasters' 76 shareholders, which accounted for over 98% of the company’s shares, approved EA’s acquisition bid that is valued at $1.2 billion. A formal court hearing has now been set for February 16, with the acquisition expected to be completed in the coming months. Codemasters has produced F1 games every year since 2009, with the initial ‘F1 2009’ title released for Wii and PlayStation Portable consoles. In 2010, the new version became available on PC, Xbox 360 and...
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