Bidding wars all around.
[h=2]What you need to know[/h]
Take-Two Interactive was looking to acquire U.K publisher Codemasters for $973 million.
Now, Electronic Arts has reached an agreement to acquire Codemasters for $1.2 billion.
The deal is expected to close sometime in early 2021.
Earlier this year, Take-Two Interactive announced it was leading the acquisition process for Codemasters, a U.K-based publisher and developer known for racing titles like the DiRT franchise. The terms of the agreement would've have Take-Two Interactive acquiring Codemasters for $973 million.