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.



SDAIA Explores Generative AI’s Potential to Drive Industrial Innovation in Saudi Arabia

The sessions addressed global trends in adopting generative AI to boost industrial efficiency. SPA
The sessions addressed global trends in adopting generative AI to boost industrial efficiency. SPA
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SDAIA Explores Generative AI’s Potential to Drive Industrial Innovation in Saudi Arabia

The sessions addressed global trends in adopting generative AI to boost industrial efficiency. SPA
The sessions addressed global trends in adopting generative AI to boost industrial efficiency. SPA

The Saudi Data and AI Authority (SDAIA) has held a meeting in Riyadh to discuss opportunities to enhance industrial innovation in the Kingdom through generative artificial intelligence (AI).

The meeting brought together experts from the Ministry of Industry and Mineral Resources, the National Industrial Development and Logistics Program (NIDLP), and representatives of leading local and international industrial companies.

The sessions addressed global trends in adopting generative AI to boost industrial efficiency, highlighted ongoing transformations in the sector, and examined related challenges.

The event also showcased key industrial applications of generative AI that have improved operational efficiency, innovation, and sustainability in supply chains and production systems.

Participants explored the future of smart manufacturing in the Kingdom through specialized sessions, reviewing use cases in digital factory transformation, advanced platform applications in resource and process management, and modern technology solutions across education, safety, energy, and supply chain management.