Codemasters just bought Slightly Mad Studios

[DarrenM]

http://www.gamesindustry.biz/articles/2 ... for-usd30m

Codemasters has acquired Project CARS developer Slightly Mad Studios for a $30 million upfront fee.

The acquisition will bring Slightly Mad's racing expertise into the Codemasters organisation, which is also a well established specialist in the genre. The entirety of Slightly Mad's 150-person team will make the transition as part of the deal.
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“Codemasters' acquisition of SMS will create a global leader in the racing genre," said Codemasters CEO Frank Sagnier. "Their focus on AAA quality and the passion that they put into everything they create mirrors our own. Both companies have a number of world renowned, successful franchises along with exciting product development pipelines, supported by leading IP and some of the best talent in the gaming industry.

"The enlarged Codemasters will have greater scale and reach, diversified, predictable revenue streams and the opportunity to bring outstanding entertainment to a far wider audience. We welcome Ian and his team to the Codemasters family and can't wait to start working together to create the future generation of racing franchises.”