Codemasters is announcing that it has acquired Sega's UK-based Racing Studio, confirming a rumor that was in circulation not too long ago. Codemaster's CEO also had some words to share regarding this matter, which you can view in the full article.

If you guys were alarmed with the news that Sega closed down their UK Racing Studio, here's a tidbit of information that might be of help. There's a rumor circulating the Codemasters might save the studio from its demise. Read more on this after the jump!

If you guys enjoyed getting the 411 on the first leg of the dev diary video on Codemaster's Race Driver: GRID, the second video's been released. Chief game designer Ralph Fulton talks about the various content that each of the distinct regions has to offer in the game. Catch the video after the jump.

This June, Codemasters will be releasing their latest racing game, Race Driver: GRID. In anticipation of this, they've also released the first in a series of developer diary videos that will give us a closer look at the game. Follow the "read more" link below for the first of the video series, where the game's designer talks about the game's features, game engine, and more.

LittleBigPlanet. LEGO Indiana Jones (PS3, PSP, Wii, DS, Xbox 360, PC). Ghostbusters. What do those games have in common with Codemasters' Race Driver: GRID (Xbox 360, PS3, Nintendo DS, and PC)? That's right, the above games - including GRID - will have playable demos in Play.com in Wembley Stadium. Read more about it in the full article!

Fans of casual games in Europe are going to get some loving from Majesco Entertainment now that the company has joined hands with Codemasters to bring 12 titles to their part of the world. Cake Mania 2 and Toy Shop headline Majesco's line-up for this year, and more are to follow. Find the rest of the games at the full article.

Peter Shea, one of the developers working on Codemaster's Race Driver: Grid, had some pretty strong words directed towards the developers and publishers of some Nintendo DS games. In a nut shell, he basically complained about the fact that "many publishers seem to think it's okay to treat a portable title on DS, as if it were a mobile phone game, or a PSOne game." Want to know more? Check out the full article.

Sega just suffered a big loss, which forced the gaming company to sever 400 employees and implement pay cuts, leaving them open to an acquisition by another gaming company. However, despite the rather unappetizing numbers, Sega is still one of the "juiciest" companies to take over, according to Codemasters' Bruce Everiss. Read the full article to find out why.

The Independent Game Developers Association (TIGA) has just announced the list of their finalists for the upcoming TIGA awards which is going to happen in London on January 30, 2008.

Two new categories were added to the roster list for this year's awards. Finalists that are included can only win through the peer votes of TIGA members.

Catch the finalists and the additional categories after the jump!

In an interview with Codemasters CEO Rod Cousens, he declared that his company is attractive for companies outside the gaming market. He was able to say so because the company had a good 2007.

The successful titles they were  by able able to produce the past year include Colin McRae: DIRT (PlayStation 3, Xbox 360), Overlord (PC, Xbox 360) and Clive Barker's Jericho (PC, Xbox 360, and PlayStation 3). Details of the interview are in the full article.