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Electronic Arts to Buy UK's Codemasters in Deal Worth $1.2 Billion

Electronic Arts said it had reached an agreement to buy Codemasters. (Reuters)
Electronic Arts said it had reached an agreement to buy Codemasters. (Reuters)
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Electronic Arts to Buy UK's Codemasters in Deal Worth $1.2 Billion

Electronic Arts said it had reached an agreement to buy Codemasters. (Reuters)
Electronic Arts said it had reached an agreement to buy Codemasters. (Reuters)

Computer games firm Electronic Arts said on Monday it had reached an agreement to buy Codemasters in a deal worth $1.2 billion, trumping an earlier agreement between the British company and rival Take-Two Interactive Software.

Under the deal, Codemasters shareholders will receive 604 pence per share, representing a premium of 13.1% to the last closing price of the company’s shares.

The deal price is also higher than the 485 pence per share Take-Two had offered for Codemasters last month.

Take-Two did not immediately respond to a request for comment.

Codemasters, which is known for its Formula One games for the Playstation 4, said its board considers the EA offer to be superior to the Take-Two proposal.

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UK Plans to Increase Control over Google in search

The new Google logo is seen in this illustration taken May 13, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
The new Google logo is seen in this illustration taken May 13, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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UK Plans to Increase Control over Google in search

The new Google logo is seen in this illustration taken May 13, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
The new Google logo is seen in this illustration taken May 13, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Britain's competition regulator on Tuesday said it was proposing to designate Google with "strategic market status" to give it greater control over how the US tech giant operates search services.

The Competition and Markets Authority (CMA) said steps it could take included making it easier for users to access different search providers and ensuring fair ranking principles for businesses appearing on Google search, Reuters reported.

It also proposed more transparency and control for publishers whose content appeared in search results if it goes ahead with the designation in October.

Google will be the first company designated since the regulator gained new powers this year.

Google said the move could have significant implications for businesses and consumers in Britain.

"We're concerned that the scope of the CMA's considerations remains broad and unfocused, with a range of interventions being considered before any evidence has been provided," said Oliver Bethell, Google's senior director for competition.