PS3 News: Square-Enix, Warner Bros. In Bidding Battle For Eidos? - PS3 News

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Square-Enix, Warner Bros. In Bidding Battle For Eidos?

The past year hasn't been a good one for Eidos, as they suffered through low software shares and management upheaval, which has resulted in losses quadrupling and its share price losing 90% of its value. In other words, they're in trouble, which is why there are several companies out there that are making tender bids for the struggling publisher.

According to MCVUK, national press reports have pegged EA and Ubisoft as the front-runners, but other industry insiders are picking Warner Bros. as the buyer to watch. Now, it seems Square-Enix has tossed its hat into the ring, which means the battle for Eidos has now officially gone worldwide. Warner seems to be in the driver's seat for this one, though, as they already own 20% of Eidos, and they would only have to spend another $30 million to gain controlling interest. $80 million would give them total control. Square-Enix president Yoichi Wada has reportedly visited Denmark's IO Studio (Eidos developer), and is now ready to go to the UK to make Square's presence known to Eidos. As we all know, Square-Enix is on a Western kick lately, and considering Eidos' publishing library, this type of acquisition would make sense. One source has apparently said that while he still believes Warner will win, it's "interesting" that Square-Enix has expressed interest. At this point, it almost seems that S-E wants anything that has a Western focus.

Anyway, we'll let you know who crosses the finish line first, but however it ends, it's probably not what Eidos was hoping for in terms of company growth and success. Oh well.

12/4/2008 Ben Dutka

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Comments (20 posts)

coverton341
Thursday, December 04, 2008 @ 11:00:38 AM
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Oh boy the take over of the world for Squeenix begins now. Yay, so can we expect a crap ton of M$ games that suck and year later release dates for the PS3 that are horribly ported?

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kreate
Thursday, December 04, 2008 @ 12:13:20 PM

maybe square is wanting sony to pay big bucks or the threat is what u said in yr comment box.

square:
"pay us billions sony or we will go multiplatform and give u horrible ports"

*in the back, the square president is getting well paid by microsoft

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Ed_Wayne
Thursday, December 04, 2008 @ 11:06:32 AM
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I want the Square from 8 - 12 years ago back. **** Western expansion.

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Arvis
Thursday, December 04, 2008 @ 12:41:23 PM
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You ever date someone for a while and then they become more popular and suddenly, they're different? Then, a year after the breakup, you run into them again and they're like a totally different person?

Just wondering if anyone else feels that way...

-Arvis

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AntDC
Thursday, December 04, 2008 @ 8:14:44 PM

Yup. I think the "girlfriend" so to speak, has let the popularity go to her head.

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CH1N00K
Thursday, December 04, 2008 @ 12:45:40 PM
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I imagine this is just the start of many merger/buy-outs we're going to see of other devs in the next couple of years.As much as we say that a recession won't affect the video game industry, I imagine there are some people on the development side who will disagree. This could either be a good or bad thing. The good thing is it will wipe out any developers that are just putting their name on any crappy little game to make a buck, any company who wants to survive will have to release top-notch games. The bad thing is, that the only companies that can survive are the big ones that have the money to do so. And the ones with the money will put their name on any crappy little game just to make a buck..lol.

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Vivi_Gamer
Thursday, December 04, 2008 @ 1:22:20 PM
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ugh, i miss squaresoft.

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crapreviews
Thursday, December 04, 2008 @ 1:37:22 PM
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um how would SE be able to bid for them when SE lost like 75% of its value or something like that?

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Scarecrow
Thursday, December 04, 2008 @ 2:21:59 PM
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lol hope neither of them get it

Square-Enix = has been
The only good game they make is Final Fantasy(though I love the FFs to death).

Warner = movie garbage
Movies these days are pure garbage, in fact I haven't been to a movie in years. Well only when it involves a girl or such.

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Vivi_Gamer
Thursday, December 04, 2008 @ 3:31:40 PM
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I dunno Star Ocean 3 was impressive, i usually detest the ovr the top anime visual style, but i could play and enjoy that game, that in itself is an achievment!

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AntDC
Thursday, December 04, 2008 @ 8:16:38 PM

What was Star Ocean 3 on? I never got to play that game...

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Geobaldi
Thursday, December 04, 2008 @ 3:32:56 PM
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Movie garage? Granted they have been fairly quiet this year but they released argueably the best film this year with ''The Dark Knight.'' And the next Harry Potter film looks pretty good too and will be coming out soon.

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WorldEndsWithMe
Thursday, December 04, 2008 @ 4:37:19 PM
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Give Eidos to SE, then they will be dragging a dead weight around, putting out garbage western 360 no-sells until they collapse, sell Final Fantasy rights to Level-5, then die. Hey I can dream.

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Arvis
Friday, December 05, 2008 @ 12:10:44 PM

One can only hope... :)

-Arvis

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shadowpal2
Thursday, December 04, 2008 @ 8:07:32 PM
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You know I can't agree more with all this western expansion stuff. It sucks. If you become western you have no talent I'm afraid. If they stayed traditional with the regular Japanese way they would still be awesome in my opinion.

Hideo Kojima did that didn't he??? He tried his best to bring out Metal Gear Solid 4 to show what Japan was made of and yet he still believes that Japanese game developers are dead. Sure they have to adapt - however don't change your foundational traditional styles!!!

Hideo Kojima could have made MGS 4 nothing but bloodshed with a crappy storyline saying aliens did it. BUT NO - he made the player chose. You either go stealth or do bloodshed. The story is much more interesting than "OMG IT's ALIENS SHIT" - It's an actual well developed story line.

Where is Square....

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AntDC
Thursday, December 04, 2008 @ 8:20:21 PM

True waht you said about MGS4. S-E are just being lazy and taking the easy route to producing and releasing games. And with laziness comes less then perfect games, e.g. The Last Remnant.

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Scarecrow
Friday, December 05, 2008 @ 3:25:23 AM

Well put!

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isaya85
Thursday, December 04, 2008 @ 11:20:54 PM
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I could care less about eidos hitman was the only game i played from them I say let enix have em let them both die together in misery

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watchit
Friday, December 05, 2008 @ 11:16:08 PM
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go wb f*** se

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Zorigo
Saturday, December 06, 2008 @ 7:00:07 AM
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Unless this is going to affect how games turn out, and make some great titles; I dont give a sh**

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