Slightly Mad Studios Stock
In May 2018, Slightly Mad Studios announced the mobile spin-off Project CARS GO, which is being developed by Gamevil. It will feature licensed cars and vehicle customisation. 73 In 2020, Slightly Mad Studios announced Project CARS 3 which was released on August 28 of the same year. Slightly Mad Studios - Founded in 2009, we’re the award-winning team behind the Project CARS franchise, and era-defining games such as the GTR® series, Need For Speed® Shift™, Shift 2 Unleashed®, Red Bull Air Race – The Game, and many other top-tier games. Slightly Mad Studios, the creators of the Project CARS franchise, announced earlier this week that they’re developing a VR-compatible gaming console called ‘Mad Box’. In a follow-up tweet. Is serato dj lite free music. Codemasters is one of the oldest names in the UK video games industry and listed on the AIM market of the London Stock Exchange in 2018. The company now employs around 700 people globally with offices in London, Birmingham, Southam and Runcorn. Slightly Mad Studios has been established for 10 years and is behind the successful Project CARS. Slightly Mad Studios, the makers of honk 'em ups including Project Cars and Need For Speed: Shift, have announced plans to launch a games console of their very own. Less than one week into 2019, we already have a strong contender for Gaming Folly Of The Year. Unlike the Ouya, the last big attempt to establish a new player in the console market.
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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.
The UK publisher will pay $30 million (£23.3 million) upfront -- $25 million in cash, and $5 million in stock -- but an earnout clause based on Slightly Mad's EBITDA over a three-year period that could take the value higher.
A spokesperson briefed GamesIndustry.biz that the maximum earnout is $166 million (£128.9 million), but the financial analyst Liberum expects the actual amount to be approximately £52.6 million ($67.9 million).
“Codemasters' acquisition of SMS will create a global leader in the racing genre,' said Codemasters CEO Frank Sagnier. 'Their focus on AAAquality 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.”
Holmes personal space air purifier hap116z u. Codemasters has been making racing games virtually since its inception in 1986, while the London-based Slightly Mad Studios was founded in 2009. However, in its ten years in business, Slightly Mad has established itself as one of the industry's leading racing developers, with the critically acclaimed titles Project CARS in 2015 and Project CARS 2 in 2017.
Codemasters also noted that Slightly Mad has three projects in development: a new mobile game, Project CARS Go; a game based on 'a Hollywood blockbuster movie franchise,' which is rumoured to be based on the Fast & Furious series; and a third title based on Slightly Mad's own IP.
The $5 million in stock will be payable to Slightly Mad Studios when it launches the game based on a blockbuster movie franchise in the next financial year.
Slightly Mad Studios Stock Price
Codemasters will raise £20 million to help finance the deal through a new share placing, at a price of £2.10 per share. However, it expects its earnings per share to rise 30% as a result of the acquisition in the first full year of ownership.