EA outbids Take-Two to buy Codemasters Group for $1.2 billion

Electronic Arts has outbid rival Take-Two Interactive to buy Dirt 5 publisher Codemasters Group in a deal that values the acquired company at $1.2 billion.

The all-cash offer is another sign that consolidation is heating up in the games industry, which saw more than $20.5 billion in deals in the first nine months of 2020. This move is subject to shareholder approval.