Codemasters just added another racing game to its already impressive stable of titles. By acquiring Slightly Mad Studios, Project Cars joins a lineup of Dirt, Grid and F1.
Codemasters paid some $30 million in cash and stock to seal the deal, with Slightly Mad CEO Ian Bell remaining head of the studio.
Slightly Mad has three projects underway. There is a mobile title called Project Cars Go, which makes me think of walking car eggs to hatch them and catching wild cars in the park; a game based on a “Hollywood blockbuster movie franchise” and a third title based on a Slightly Mad IP.
Part of the deal is that the entire team will make the transition, with some 150 people keeping their jobs as Slightly Mad falls under the Codemasters umbrella.
“Codemasters’ acquisition of SMS will create a global leader in the racing genre. 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.”Codemasters CEO Frank Sagnier, GamesIndustry.biz