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The American computer games giant Electronic Arts (EA) has gatecrashed the £725m takeover of Codemasters, the London-listed producer of some of the world's most popular motor racing titles.
Sky News has learnt that EA has tabled a potentially knockout bid for Codemasters, trumping an offer agreed last month with Take-Two Interactive Software, maker of the Red Dead franchise.
A gaming industry source said this weekend that EA was working with bankers at UBS on its offer.
The interest from EA, which has a market value of almost $40bn (£30bn), is likely to be disclosed to the stock market on Monday morning.
EA is among the world's biggest computer games developers, and is best-known for its FIFA-licensed football titles, as well as games based on the Harry Potter books and Star Wars films.
Sky News has learnt that EA has tabled a potentially knockout bid for Codemasters, trumping an offer agreed last month with Take-Two Interactive Software, maker of the Red Dead franchise.
A gaming industry source said this weekend that EA was working with bankers at UBS on its offer.
The interest from EA, which has a market value of almost $40bn (£30bn), is likely to be disclosed to the stock market on Monday morning.
EA is among the world's biggest computer games developers, and is best-known for its FIFA-licensed football titles, as well as games based on the Harry Potter books and Star Wars films.
Games giant Electronic Arts gatecrashes £725m Codemasters takeover
The $40bn US-based games giant EA has ignited a bidding war for Britain's Codemasters, Sky News understands.
news.sky.com
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