Electronic Arts Inc. (EA) / Take-Two Interactive Software (TTWO) and Codemasters (CDM.L) $1bn merger information including expected completion date, offer price and contact details are displayed in the acquisition details table below. An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread.
This deal was successfully consummated on February 18, 2021
Merger Details | Value |
---|---|
Acquisition Target Stock Name | Codemasters |
Acquisition Target Stock Ticker | CDM.L |
Codemasters Investor Relations | Alma PR, 71-73 Carter Lane, London, EC4V 5EQ |
Codemasters (CDM.L) & Take-Two Interactive Software (TTWO) Merger Details | |
Acquirer Name and Ticker | Take-Two Interactive Software (TTWO) |
Announcement Date | November 5, 2020 |
Merger Status | FRIENDLY MERGER |
Expected Completion Date | Q1, 2021 |
Deal Value | $1bn |
Offer Value at Announcement | 4.89 GBP |
Payment Method | Cash plus Stock Deal |
Cash Payment | 120 pence per share |
Stock Ratio | 0.02834 TTWO shares for each CDM.L share |
Initial Announcement | 8-K Filing |
Take-Two Interactive Software Investor Relations | contact@take2games.com |
Codemasters Investor Relations | Alma PR, 71-73 Carter Lane, London, EC4V 5EQ |
Codemasters (CDM.L) & Electronic Arts Inc. (EA) Merger Details | |
Acquirer Name and Ticker | Electronic Arts Inc. (EA) |
Announcement Date | December 13, 2020 |
Merger Status | FRIENDLY MERGER |
Expected Completion Date | Q1, 2021 |
Deal Value | $1.2bn |
Offer Value at Announcement | 5.34 GBP |
Payment Method | All Cash Deal |
Cash Payment | 6.04 GBP |
Stock Ratio | N/A |
Initial Announcement | Press Release |
Electronic Arts Investor Relations | cevenden@ea.com |
Codemasters Investor Relations | Alma PR, 71-73 Carter Lane, London, EC4V 5EQ |
Actual Completion Date | February 18, 2021 |
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Codemasters (LONDON: CDM.L) & Take-Two Interactive Software (NASDAQ: TTWO) Merge
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Traders and shareholders can review similar merger details on current takeover stocks by first selecting “DEALS” from the main menu above, then “Current Cash Deals” or “Current Stock Deals“. For previous acquisitions, select either “Closed Deals” or “Failed Deals“. See our Spread Tracker News for mergers and acquisitions updates on the existing T20 Index portfolio constituents. Additionally, check out our customized M&A PR Newswire or Business Wire press release news feeds exclusively for Merger Arbitrage Limited.
Codemasters (LONDON: CDM.L) & Take-Two Interactive Software (NASDAQ: TTWO) Merger - Acquisition News and Events
The major acquisition news updates & events of Codemasters (CDM.L) by Take-Two Interactive Software (TTWO) are listed below. A comprehensive data source for Traders looking to familiarize themselves with the Take-Two Interactive Software (TTWO) merger with Codemasters (CDM.L) and trade the merger arbitrage spread
- Existing shareholders and investors wishing to stay abreast of the latest deal developments
Following the acquisition news section, there are in-depth company profiles.
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- Codemasters (CDM.L) & Take-Two Interactive Software (TTWO) Merger by Mal on 11th November 2020 at 6:45 am
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Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes, content, and virtual currency.
The company also develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises. In addition, the company publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier’s Civilization, XCOM series, and Borderlands. Further, it publishes sports simulation titles comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series. It also offers Kerbal Space Program, The Outer Worlds, Ancestors the Humankind Odyssey under Private Division.
Additionally, the company offers free-to-play mobile games, such as Dragon City and Monster Legends. Its products are designed for console gaming systems, including Sony’s PlayStation 4; Microsoft’s Xbox One; the Nintendo Switch; and personal computers comprising smartphones and tablets. The company provides its products through physical retail, digital download, online platforms, and cloud streaming services. Take-Two Interactive Software, Inc. was founded in 1993 and is headquartered in New York, New York.
Codemasters Company Profile
Codemasters is a video game developer and publisher, specialising in high quality racing games. Headquartered in Southam, Warwickshire, the company is one of the most recognised British game developers and publishers, with a 30 year track record of producing successful games.
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