Codemasters bought out, receives a ton of funding

Posted Jun 14, 2007 at 5:38AM EST by QJ Staff

Listed in: Tags: Codemasters, Goldman Sachs

It's confirmed: Codemasters, the games-developing firm responsible for classics such as the Colin McRae Rally series has indeed been bought out, with the buyer being Balderton Capital.

This announcement came immediately after the venture firm had finally snapped up the remaining shares of the company. With this purchase, Balderton Capital now has 100 percent equity of Codemasters.

The details of the actual buyout hasn't been revealed, but Codemasters itself did let a key figure slip. Specifically, the company receiving no less than Â£50,000,000 in funding from Goldman Sachs (that's about US$ 98,458,131.37 - a whole lot of funding).

So what does this actually mean for the company? Well, besides having been bought out, Codemasters is now fully funded and raring to make some high-quality titles for this cutting-edge generation of gaming. As we all know, game production costs a lot of dough, and the seven-figure investment from Goldman Sachs takes the money problem out of the equation. As for the buyout affecting Codemasters in general, well, we'll just have to wait and see, won't we?

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Codemasters bought out, receives a ton of funding

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