After losing out to EA when it was originally set to buy out the company, Take-Two has said it was disappointed over losing racing specialists Codemasters.
While Take-Two originally had its sights set on securing Codemasters, EA later came in with a $1.2 billion offer which was favoured. In a recent earnings call (transcribed by The Motely Fool), CEO Strauss Zelnick spoke about how it lost the acquisition to its “friends out west”, but how it reflects well on the company’s principles.
“We lost the Codemasters deal to our friends out West. That was disappointing but reflects our discipline in such matters. So, there is an awful lot going on.”
Zelnick spoke about how the company will continue to search for acquisitions and fight “aggressively” to acquire new developers if seen fit, but acknowledged that tactic and strategy plays out when sourcing new companies.
“We have yet to make…
