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Eidos agrees to Square Enix takeover

£84m offer for Tomb Raider house gets the green light
Update: The BBC is reporting that Square Enix has "agreed" to buy Eidos.

Japanese powerhouse Square Enix has made a bid to acquire British Tomb Raider house Eidos, it's been confirmed.

The Final Fantasy company has made a firm bid of around £84m, stating that Eidos' roster of franchises - including Tomb Raider and Kane & Lynch - are "highly complementary to our business and will accelerate our aggressive expansion into Western markets."

Though not yet approved, Eidos directors will be recommending that shareholders accept SE's offer, reports Reuters. Eidos chairman Tim Ryan called the offer "attractive".

"We believe that this cash offer provides Eidos Shareholders with an attractive price and certainty in today's challenging market backdrop and economic outlook," he said.

"The acquisition of Eidos will complement Square Enix's expansion into Western markets and offers mutually beneficial opportunities for the combined group. The Board believes that this offer is in the best interests of the shareholders."

Square Enix president Yoichi Wada said of the move: "Eidos is a talented developer and publisher of interactive entertainment products with a broad portfolio of highly successful mass market franchises, led by Tomb Raider, one of the most successful videogame franchises of all time.

"Eidos maintains a strong reputation for high quality development and proven expertise in creating characters and storylines that appeal to consumers. Eidos' products are highly complementary to our business and will accelerate our aggressive expansion into Western markets."

computerandvideogames.com
// Interactive
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Posted by shellster2
expect Lara to be wearing a school girls uniform in the next game then :wink:
Posted by BigBoss987
Square used to be my favourite developer. Now they're just a cold hearted machine.
Posted by WHERESMYMONKEY
Would be an interesting partnership. It'd be good for both parties. It'd give Square a better publishing arm and Eidos a much needed injection of cash.

Its not the first time the two companies have worked together, Final Fantasy VII and VIII were published by eidos on the PC over here.
Posted by voodoo341
yeah right :shock:
Posted by jon_hill987
Lets hope they don't try to influence EIDOS too much and the deal just gives EIDOS some money...
Posted by big chief
If they get Eidos I hope they revive the Ledegacy of Kain series.
Posted by The_KFD_Case
This was what I was hoping for considering that Eidos put itself on the market. Perhaps it could lead to FF titles released sooner in the Western market and also sooner for the PC platform.
Posted by Dajmin
Tomb Raider RPG coming up then?

An action RPG where you jump around a la Tomb Raider but all the combat was turn-based stat stuff? Can't decide whether that would be good or bad.

I somehow managed to miss this story and just sent the BBC news link as a tip. Bugger. 32p per share isn't that high though.
Posted by Dragonahcas
+1

@ Dajmin. Yeah they didnt bother to give me credit about the information on the MMOs in Australia being banned. They posted it about 5 minutes after I did on Gamesradar.
Posted by Rens11
bit random :roll:
Posted by voad
NNNOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!


I hate square so very much. Some of my favorite franchises like Deus Ex, Thief, and Hitman.... gone, all gone. Why?
Posted by MuramasaEdge
Yep, and both were horrible, bug ridden, almost unplayable, cheap sounded port nightmares that rarely worked well if at all. The one thing that made the PC version of 7 stand out was the bugfixed script- but if they'd have spent that time on the game it'd have been better.
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