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Codemasters close to securing new investment

Game sales hit £100m but tough 2009 takes its toll, according to report

UK publisher Codemasters is due secure new investment after a tough 2009 left the company short of cash.

That's according to report by The Times Online, which suggest as well as a new investor, Balderton Capital and Goldman Sachs are also due to reinvest in the company, although restructuring will dilute the contributions.

Balderton bought Codemasters from original founders Jim, Richard and David Darling back in 2007.

According to the report, sales of Codemasters' games were £100 million in 2009, up from the £70 million the previous year. The company released DIRT 2, Operation Flashpoint 2: Dragon Rising, Formula One and Ashes Cricket 2009 last year.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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