Electronic Arts have completed their takeover of Formula 1 game developer Codemasters in a deal worth $1.2 billion.
Talks had been ongoing for months over a deal that would see Electronic Arts and Codemasters merge.
Codemasters have developed the Formula 1 game since 2009, and earlier this month the deal was approved by the Codemasters board. That deal has been officially completed.
EA are behind the Need for Speed racing games, while also boasting other series such as FIFA and Madden NFL.
“We love racing games. As interest in playing them grows across the world it’s clear that you love them too,” read a statement from Electronic Arts.
“Over the years our existing franchises such as Need for Speed, Real Racing and Burnout have become some of the most beloved games. During this time we’ve followed and admired our colleagues at Codemasters, who have created some of our favorite racing franchises such as Formula 1, DIRT, Project CARS and GRID.
“We have seen the team innovate racing game technology and make some of the most fun games we’ve ever played. We couldn’t be more excited to welcome them to the Electronic Arts team.
“United in our passion for this genre, our goal is to create a powerhouse in racing entertainment for all of you, ushering in the next era of car and racing games.
“We’re thrilled by this new opportunity to bring you even more racing games, more often. The union also unlocks the potential for us to create new innovative ways to interact with each other and enjoy our passion for racing games together.
“With the greatest minds in racing entertainment all under one roof, you’re going to see even more innovation and we’re going to bring all new ideas to life.”
“Today is a landmark in Codemasters’ history, and an exciting day for our employees and players,” added Frank Sagnier, CEO of Codemasters, as quoted by Autosport.
“The partnership with EA will enable our teams to take our highly-acclaimed franchises to new heights and reach a huge global audience through their player network.
“Together we can redefine the landscape of racing games to create even more compelling experiences for racing fans around the world.”