FOR IMMEDIATE RELEASE CONTACT: (Investor Relations) (Corporate Press) Henry A. Diamond Alan Lewis Senior Vice President Vice President Investor Relations & Corporate Communications Corporate Communications & Public Affairs Take-Two Interactive...Take Two Interactive Software Inc • November 10th, 2020 • Services-prepackaged software
New York, NY – November 10, 2020 – Take-Two Interactive Software, Inc. (NASDAQ:TTWO) today announced that it has reached an agreement with the Board of Codemasters for the recommended acquisition of Codemasters, the UK-based game publisher and developer. In the transaction, Codemasters’ shareholders will be entitled to receive 120 pence (*approximately $1.58) in cash and 0.02834 shares of Take-Two common stock for each ordinary share of Codemasters. Based on Take-Two’s closing share price of $168.68 and the exchange rate of US$1.31:£1 on November 5, 2020 (being the day prior to rumors of Take-Two’s possible interest in Codemasters), the transaction values each Codemasters’ share at 485 pence ($6.39) and an implied equity value of approximately £759 million ($994 million). The acquisition is anticipated to be completed in the first quarter of calendar 2021.
10th November 2020 TAKE-TWO INTERACTIVE SOFTWARE, INC. CODEMASTERS GROUP HOLDINGS PLC CO-OPERATION AGREEMENT CityPoint, 1 Ropemaker Street London, EC2Y 9AWCo-Operation Agreement • November 10th, 2020 • Take Two Interactive Software Inc • Services-prepackaged software
