EA says it has agreed to buy British racing game developer Codemasters for $1.2 billion, outbidding Take-Two, which had agreed on a $971M acquisition last month (Ryan Browne/CNBC)

Ryan Browne / CNBC:
EA says it has agreed to buy British racing game developer Codemasters for $1.2 billion, outbidding Take-Two, which had agreed on a $971M acquisition last month  —  - The deal upstaged a previous transaction agreed between rival publisher Take-Two Interactive and Codemasters.

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