Take-Two Interactive, the Publishers of games such as Red Dead Redemption and the Grand Theft Auto Series, have officially pulled its $980 Million offer to purchase British game developer, Codemasters.
Around a month ago, Take-Two Interactive was outbid by EA, with EA coming in with a $1.2 Billion offer to purchase Codemasters, which has now caused Take-Two to pull its offer entirely now, according to VGC, Codemasters have failed to hold a Shareholder meeting before 12th January 2021 which has allowed TTI to pull its offer.
Take-Two have said they will be looking at other acquisitions that fit their needs and help to enhance the growth of Take-Two Interactive and deliver results to its Shareholders.
Codemasters is known for their successful racing titles, such as F1, Dirt, and Project Cars after they acquired Slightly Mad Studios in 2019.
Source: Videogamechronicles
