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Take-Two is in talks to buy Codemasters

Says acquisition would be "a highly complementary fit".

Grand Theft Auto and Borderlands publisher Take-Two Interactive is currently in talks to acquire Codemasters, the UK publisher and developer responsible for the likes of Dirt and F1.

As reported by VGC, Take-Two - which already owns publishing labels 2K, Rockstar Games, and Private Division - announced it had made a non-binding proposal to acquire Codemasters' entire share capital in an internal statement released earlier today.

Should Take-Two decide to proceed with the offer once confirmatory due diligence is complete and other conditions have been met, Codemasters says its board intends to unanimously recommend that its shareholders accept the deal.

Codemasters' latest racer, Dirt 5, released this week, and here's Eurogamer's Ian Higton giving it a go.Watch on YouTube

In a statement provided to VCG, Take-Two confirmed the news, saying the acquisition "would bring together two world-class interactive entertainment portfolios, with a highly complementary fit between 2K and Codemasters in the racing genre."

Take-Two Interactive has until 4th December this year to announce its firm intention to make an offer for Codemasters.

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