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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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DeepSeek Faces Expulsion from App Stores in Germany

FILE - The smartphone apps DeepSeek page is seen on a smartphone screen in Beijing, Tuesday, Jan. 28, 2025. (AP Photo/Andy Wong, File)
FILE - The smartphone apps DeepSeek page is seen on a smartphone screen in Beijing, Tuesday, Jan. 28, 2025. (AP Photo/Andy Wong, File)
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DeepSeek Faces Expulsion from App Stores in Germany

FILE - The smartphone apps DeepSeek page is seen on a smartphone screen in Beijing, Tuesday, Jan. 28, 2025. (AP Photo/Andy Wong, File)
FILE - The smartphone apps DeepSeek page is seen on a smartphone screen in Beijing, Tuesday, Jan. 28, 2025. (AP Photo/Andy Wong, File)

Germany has taken steps towards blocking Chinese AI startup DeepSeek from the Apple and Google app stores due to concerns about data protection, according to a data protection authority commissioner in a statement on Friday.

DeepSeek has been reported to the two US tech giants as illegal content, said commissioner Meike Kamp, and the companies must now review the concerns and decide whether to block the app in Germany, Reuters reported.

"DeepSeek has not been able to provide my agency with convincing evidence that German users' data is protected in China to a level equivalent to that in the European Union," she said.

"Chinese authorities have far-reaching access rights to personal data within the sphere of influence of Chinese companies," she added.

The move comes after Reuters exclusively reported this week that DeepSeek is aiding China's military and intelligence operations.

DeepSeek, which shook the technology world in January with claims that it had developed an AI model that rivaled those from US firms such as ChatGPT creator OpenAI at much lower cost, says it stores numerous personal data, such as requests to the AI or uploaded files, on computers in China.