Take-Two gives up its attempted acquisition of Codemasters

Two months after reportedly reaching an agreement to acquire Codemasters for almost $1 billion, Take-Two Interactive this week announced it no longer plans to follow-through with its bid.

Take-Two looked set to follow through with its acquisition last November, though it seems plans were complicated by EA’s surprise bid of $1.2 billion the following month. The Codemasters board took to this bid, withdrawing its recommendation to sell to Take-Two. Now, rather than returning with a counter-offer, the publisher told its investors that it’s pulling out of the race entirely.

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