{"id":185795,"date":"2021-02-04T20:30:10","date_gmt":"2021-02-04T20:30:10","guid":{"rendered":"https:\/\/gamerant.com\/codemasters-ea-acquisition-vote-february-2021\/"},"modified":"2021-02-04T20:30:10","modified_gmt":"2021-02-04T20:30:10","slug":"codemasters-votes-in-favor-of-ea-acquisition-game-rant","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/02\/04\/codemasters-votes-in-favor-of-ea-acquisition-game-rant\/","title":{"rendered":"Codemasters Votes in Favor of EA Acquisition | Game Rant"},"content":{"rendered":"

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After months of acquisition talks with various companies, Codemasters has voted in favor of being acquired by EA<\/strong>, finally closing\u00a0a deal with the\u00a0video game publisher. The vote was conducted remotely on Wednesday, February 3, with\u00a063 of the 76 shareholders present opting for EA<\/a> to purchase the company and welcome it into its roster of development studios.<\/p>\n

The news comes\u00a0two weeks after Codemasters’ Executive Director Ian Bell, CEO Frank Sagnier, and CFO Rashid Varachia all agreed to vote in favor of the EA acquisition<\/a>, and recommended shareholders to do the same. All that’s left\u00a0is for the deal to be officially sealed in a formal court hearing, which will allegedly take place on February 16, according to VGC.<\/p>\n

RELATED:\u00a0EA Had Strong Sales Growth for Its Third Quarter<\/a><\/strong><\/span><\/p>\n

EA will be acquiring Codemasters for $1.2 billion, getting its hands on the studio’s line-up of licensed and owned IP in the process. In a Q3 financial presentation a few days ago, the publisher revealed it had big plans for the team and the franchises it has cultivated over the years. Going forward, EA said it will release a racing game on an annual basis<\/a>, pulling from its new studio’s lineup of titles and the handful of driving-based IP it already owns. That’s a hefty list of major racing franchises to pull from, including the likes of\u00a0Dirt, Grid, Burnout, Need for Speed,\u00a0<\/em>and\u00a0Project Cars.<\/em><\/p>\n

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Codemasters also has licensed agreements with both the\u00a0F1\u00a0<\/em>and\u00a0WRC: Fia World Rallying Championship\u00a0<\/em>series, which each have yearly audiences.\u00a0F1 2020<\/a>\u00a0<\/em>released back in July, while\u00a0WRC 9\u00a0<\/em>launched in September.\u00a0EA hopes the acquisition will make it a global leader in the racing game market, which is hard to doubt\u00a0considering\u00a0it now owns several of the biggest IPs\u00a0the genre has ever produced. Seeing as the publisher has mostly distributed arcade-y racers,\u00a0it seems Codemasters’ range of more realistic racing games will add a new string to its bow.<\/p>\n

EA has been active in the past few days, revealing details about several of its plans going forward. The studio will be delivering\u00a0Mass Effect: Legendary Edition\u00a0<\/em>this May, bundling\u00a0Mass Effect 1, 2,\u00a0<\/em>and\u00a03\u00a0<\/em>into\u00a0a comprehensive title that offers all the trilogy’s DLC and some major visual enhancements. The company also cemented its\u00a0decision to continue working on\u00a0Star Wars\u00a0<\/em>games<\/a> in spite of losing\u00a0exclusive rights\u00a0to the license, with EA<\/strong> CEO\u00a0Andrew Wilson claiming the publisher wants to\u00a0keep cultivating its relationship with Disney, Lucasfilm, and the\u00a0Star Wars\u00a0<\/em>IP.<\/p>\n

MORE:\u00a0New Battlefield Game Confirmed for Holiday 2021, Reveal Coming Soon<\/a><\/span><\/p>\n

Source: VGC<\/a><\/p>\n\n

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Codemasters’ shareholders vote in favor of an EA acquisition, meaning the studio will officially be joining the publisher’s stable of developers.<\/p>\n<\/div>","protected":false},"author":120,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Codemasters Votes in Favor of EA Acquisition | Game Rant - ITTeacherITFreelance.hk","description":"Codemasters' shareholders vote in favor of an EA acquisition, meaning the studio will officially be joining the publisher's stable of developers."},"footnotes":""},"categories":[607],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/185795"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/120"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=185795"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/185795\/revisions"}],"predecessor-version":[{"id":185796,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/185795\/revisions\/185796"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=185795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=185795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=185795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}