Founders of Codemasters bought out by venture firm
After redesigning its face, European publisher Codemasters has now undergone some internal changes as well. A capital venture firm, Balderton Capital, has acquired the remaining stake held by the publisher's founders, David, Richard and Jim Darling. The purchase is accompanied by a further £50 million in finance from Goldman Sachs for the future growth of the company -- already the largest independent video game developer and publisher in Europe.
"This new investment heralds the next stage for Codemasters as it realises its ambitions to be a global player, readying itself for the digital age," says Codemasters CEO, Rod Cousens. "For more than 20 years, Jim, David and Richard built Codemasters to become one of the video game industry's great British success stories; they brought enjoyment to many and made a valuable contribution to the industry as a whole."
Have a look at their latest contributions, Dirt and Overlord, later this month.
