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British videogame maker Codemasters agrees to Take-Two's 759 million pounds buyout offer

(Reuters) - UK-based videogame developer Codemasters Group Holdings has agreed to Take-Two Interactive Software Inc’s buyout offer of 485 pence per share, the U.S. videogame-maker said on Tuesday.

The cash-and-stock offer, announced last week, gives the Formula One games-maker an equity value of about 759 million pounds (about $1.00 billion). The deal is expected to close in the first quarter of 2021.

Reporting by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi

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