Electronic arts reaches agreement for recommended acquisition of codemasters group holdings plc

Redwood city, calif.--(business wire)--today, electronic arts inc. (nasdaq: ea) announced that it has reached an agreement with the board of codemasters for the recommended acquisition of codemasters, the uk-based game developer and publisher. in the transaction, codemasters' shareholders will be entitled to receive 604 pence (approximately us$7.98*) in cash for each ordinary share of codemasters with an implied enterprise value of us$1.2 billion*. the acquisition is anticipated to be completed
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