British videogame maker Codemasters agrees to Take-Two’s 759 million pounds buyout offer

UK-based videogame developer Codemasters Group Holdings has agreed to Take-Two (NASDAQ:TTWO) Interactive Software Inc’s buyout offer of 485 pence per share, the U.S. videogame-maker said on Tuesday.

The cash-and-stock offer, announced last week, gives the Formula One games-maker an equity value of about 759 million pounds (about $1.00 billion). The deal is expected to close in the first quarter of 2021.