The news comes following a deliver of a Court Order to the Registrar of Companies of England and Wales today, revealing that Codemasters is now owned by EA’s subsidiary company, Codex Games Limited. The purchase of the studio was valued at $1.2 billion.
As a result of the completion of the acquisition, each of Codemasters’ Non-Executive Directors have stepped down from the Codemasters board with immediate effect.
EA boss Andrew Wilson commented:
This is the beginning of an exciting new era for racing games and content as we bring together the talented teams at Electronic Arts and Codemasters.
Racing fandom continues to grow worldwide, and the franchises in our combined portfolio will enable us to create innovative new experiences and bring more players into the excitement of cars and motorsport. Our teams will be a global powerhouse in racing entertainment, with amazing games for players on every platform, and we can’t wait to get started.
Meanwhile, Frank Sagnier, CEO of Codemasters, added:
Today is a landmark in Codemasters’ history, and an exciting day for our employees and players.
The partnership with EA will enable our teams to take our highly-acclaimed franchises to new heights and reach a huge global audience through their player network. Together we can redefine the landscape of racing games to create even more compelling experiences for racing fans around the world.