Codemasters close to securing new investment
Game sales hit £100m but tough 2009 takes its toll, according to report
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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.