Codemasters directors have voted to approve of EA's proposed takeover of the racing sim specialists (thanks Gamasutra). EA stepped in with a better deal than Take-Two's prior offer, and Take-Two subsequently dropped their bid. Word is the USD$1.2 billion deal will now go forward, even if a higher proposal from another party follows:

Following the announcement from Take-Two Interactive Software, Inc. ("Take-Two") on 13 January 2021 that it had, with the consent of the Panel, lapsed the Take-Two Offer, the irrevocable undertakings executed in favour of Take-Two by each of the Codemasters Directors who hold, or are otherwise beneficially interested in, Codemasters Shares to vote in favour of the Take-Two Offer have also now terminated.

Codemasters today announces that Codemasters Directors who hold, or are otherwise beneficially interested in, Codemasters Shares, have entered into irrevocable undertakings with Bidco to vote in favour of the proposed acquisition of Codemasters by Bidco (the "Acquisition") at the Court Meeting and the General Meeting convened to be held on 3 February 2021, in respect of 6,614,250 Codemasters Shares, representing, in aggregate, approximately 4.34 per cent. of the issued ordinary share capital of Codemasters. Further details of these irrevocable undertakings are set out at the Appendix to this announcement.