{"id":189681,"date":"2021-02-09T20:22:40","date_gmt":"2021-02-09T20:22:40","guid":{"rendered":"https:\/\/gamerant.com\/take-two-codemasters-ea-loss-reaction\/"},"modified":"2021-02-09T20:22:40","modified_gmt":"2021-02-09T20:22:40","slug":"take-two-reacts-to-losing-codemasters-to-ea-game-rant","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/02\/09\/take-two-reacts-to-losing-codemasters-to-ea-game-rant\/","title":{"rendered":"Take-Two Reacts to Losing Codemasters to EA | Game Rant"},"content":{"rendered":"

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Recently, Codemasters was in the process of being acquired\u00a0by either Take-Two Interactive and Electronic Arts, with\u00a0the latter ending up getting\u00a0the developer. Take-Two planned to acquire Codemasters<\/a>\u00a0but the company was\u00a0outbid by EA’s offer of $1.2 billion.<\/p>\n

In its recent earnings call,\u00a0Take-Two Interactive<\/a> CEO Strauss Zelnick commented on the situation, saying that losing Codemasters to EA was “disappointing” yet commending EA for the success. However, he also\u00a0said this was an example of Take-Two’s “disciplined approach in making more sound business decisions. Zelnick\u00a0went on\u00a0to state that while Take-Two may not have been able to acquire Codemasters, it’s still on the lookout for more developer acquisitions for the company.<\/p>\n

RELATED: Take-Two Doesn’t Regret Raising NBA 2K21 Price On Next-Gen Consoles<\/a><\/strong><\/span><\/p>\n

Zelnick shared that Take-Two is still searching for\u00a0new game developers and IPs,\u00a0and to reach “an arrangement that would\u00a0be accretive to shareholder value.” He said\u00a0that Take-Two will be a little\u00a0more aggressive in pursuing further\u00a0acquisition but\u00a0tactics and strategy will be major\u00a0factors when doing so. While\u00a0Take-Two\u00a0wasn’t able to acquire Codemasters, Zelnick stated there was still good news for the company.<\/p>\n

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In response to a\u00a0previous\u00a0question in the call,\u00a0he mentioned the recent merger between Gearbox and Embracer Group<\/a>. He said Take-Two is “grateful” to still be in business with Gearbox, and\u00a0the company\u00a0looks forward to continue working with the developer on Borderlands<\/em> and other potential titles. He even mentions how Take-Two had acquired the mobile game developer Playdots several months ago and is looking forward to see what comes from that deal.<\/p>\n

Zelnick pointed out that while the Codemasters acquisition fell through, the company hasn’t made an acquisition that didn’t work out well for it yet. Zelnick and other Take-Two members proceeded to answer more questions about the company’s financial earnings\u00a0and potential projects. One question concerned\u00a0the possible\u00a0release of\u00a0Grand Theft Auto<\/em>\u00a0remasters<\/a> of the older games. Zelnick replied\u00a0very ambiguously, stating\u00a0that any potential announcements about GTA<\/em> remasters will come from Rockstar Games itself.<\/p>\n

Granted, Take-Two and Rockstar may\u00a0not be in any rush to make any GTA<\/em> remasters since both GTA 5<\/em> and GTA Online<\/em>\u00a0excelled in 2020<\/a>\u00a0and\u00a0helped break a\u00a0financial milestone for the parent\u00a0company. The former having sold over 140 million copies\u00a0while the latter saw an increase of new and returning players in 2020, especially with the recent Cayo Perico Heist.\u00a0Even without the Codemasters acquisition, the company is still confident in its other affairs.<\/p>\n

MORE: Codemasters Votes in Favor of EA Acquisition<\/a><\/span><\/p>\n

Source:\u00a0The Motley Fool<\/a><\/p>\n\n

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Take-Two Interactive CEO Strauss Zelnick shares his thoughts on EA outbidding the company for acquisition of racing game developer Codemasters.<\/p>\n<\/div>","protected":false},"author":855,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Take-Two Reacts to Losing Codemasters to EA | Game Rant - ITTeacherITFreelance.hk","description":"Take-Two Interactive CEO Strauss Zelnick shares his thoughts on EA outbidding the company for acquisition of racing game developer Codemasters."},"footnotes":""},"categories":[607],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/189681"}],"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\/855"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=189681"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/189681\/revisions"}],"predecessor-version":[{"id":189682,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/189681\/revisions\/189682"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=189681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=189681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=189681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}