Image: Codemasters

Since the end of last year, there have been reports about the third-party giant EA buying the UK developer Codemasters.

It's now official - with EA announcing the creator of titles such as Formula 1, DIRT, Project CARS and GRID has joined the family, in a deal believed to be valued at $1.2 billion.

EA says its goal is to create a "powerhouse in racing entertainment" with the help of its existing franchises such as Need for Speed, Real Racing and Burnout. Here's what EA CEO Andrew Wilson had to say about the acquisition:

“This is the beginning of an exciting new era for racing games and content as we bring together the talented teams at Electronic Arts and Codemasters.

"Racing fandom continues to grow worldwide, and the franchises in our combined portfolio will enable us to create innovative new experiences and bring more players into the excitement of cars and motorsport. Our teams will be a global powerhouse in racing entertainment, with amazing games for players on every platform, and we can’t wait to get started.”

Codemasters has previously released games like GRID Autosport on the Switch. How do you feel about this developer joining the EA family? Leave a comment down below.