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Codemasters Expands Racing Videogames Portfolio with Addition of Slightly Mad Studios
Monday 02 December 2019

2 December 2019 - UK-based video game developer Codemasters (AIM: CDM) has agreed to acquire London-based racing simulation developer Slightly Mad Studios, adding the Project CARS franchise to Codemasters' portfolio, the company said.

Terms of the transaction were not disclosed.

Codemasters said the new partnership will accelerate the company's growth, offering more streaming services.

Slightly Mad Studios is the team behind the GTR series, Need For Speed Shift and Shift 2 Unleashed. 
Details
Date Published: 02/12/2019
Target: Slightly Mad Studios
Country: UK
Sector: Leisure/Arts
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Codemasters
Comment:
Terms of the deal were not disclosed

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