Take-Two Interactive Software's Offer for Codemasters Group Lapses
January 13 2021 - 2:54AM
Dow Jones News
By Ian Walker
Take-Two Interactive Software, Inc. said Wednesday that its
offer for Codemasters Group Holdings PLC has now lapsed following
the U.K. videogames developer and publisher's withdrawal of its
recommendation last year.
On Dec. 14, Codemasters agreed to a 945 million pounds ($1.29
billion) cash takeover from Electronic Arts Inc., and withdrew its
recommendation for a GBP759 million offer from Take-Two Interactive
that had been agreed in November.
Take-Two Interactive said Wednesday that it remains "highly
disciplined" with a strong balance sheet and that it will continue
to pursue selective opportunities to boost growth.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
January 13, 2021 02:39 ET (07:39 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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