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Square-Enix Seeks Eidos Acquisition

Early this year, it was revealed that struggling Eidos Interactive was on the auction block, and everyone from EA to Square-Enix was rumored to be interested in an acquisition. Then the news came that one party had entered into takeover talks with the Tomb Raider publisher, although the identity of that party remained a mystery. Well, no longer.

According to GameSpot, Square-Enix is the company that has made the bid. Their offer of £84.3 million ($120 million) "is being unanimously recommended to Eidos shareholders by the firm's board," as they clearly are in favor of the deal that translates to $0.46/share. If you're wondering, this offer was nearly triple that of Eidos' value when the proposition was made, and currently more than double that of the current value. Since this announcement today, though, shares have climbed steeply to $0.45/share, but that probably won't alter the deal. Said Square-Enix president Yoichi Wada: "Eidos' products are highly complementary to our business and will accelerate our aggressive expansion into Western markets." The Japanese publisher has made it very plain that they wish to cater to a larger worldwide audience, and their acquisition of Eidos would certainly serve to further that western-oriented plan of attack. So who's ready for the next Lara Croft adventure with Square-Enix's name on the box?  Man, who would've expected that ten years ago?

Now that the board has turned this over to the shareholders, we'll wait to learn of the final result, but it appears to be a win-win for both companies in question. Time will tell.

2/12/2009 Ben Dutka

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Comments (28 posts)

Arvis
Thursday, February 12, 2009 @ 12:56:18 PM
Reply

"The Japanese publisher has made it very plain that they wish to cater to a larger worldwide audience..."

...at the expense of THE ENTIRETY of their current audience. Jerks.

-Arvis

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Naga
Thursday, February 12, 2009 @ 12:58:06 PM
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Legacy of Kain RPG!!!!!

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Scarecrow
Thursday, February 12, 2009 @ 1:06:32 PM

God no!

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Scarecrow
Thursday, February 12, 2009 @ 1:07:26 PM
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Square-Enix has fallen, Capcom has become the best Japanese company with Konami right next to them.

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coverton341
Thursday, February 12, 2009 @ 1:20:35 PM
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Tomb Raider DS now with cute pets and sphere grid for upgrading and augmenting Lara's bust and gun size

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Ben Dutka PSXE [Administrator]
Thursday, February 12, 2009 @ 1:29:24 PM
Reply

I...want...SQUARESOFT BACK!

Agree with this comment 3 up, 0 down Disagree with this comment

coverton341
Thursday, February 12, 2009 @ 1:34:44 PM

You and me both brotha.

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Qwarktast1c
Thursday, February 12, 2009 @ 2:57:23 PM

yeah, the old squaresoft days were seriously better than this square enix crap

except for kingdom hearts, every thing has kinda gone down since then

i mean i liked FF X-2 but thats about it

hopefully(more than likely) SE will deliver with 13 and vs13

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MetalHead09
Thursday, February 12, 2009 @ 3:04:22 PM

completely agree with yuh ben.

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Ben Dutka PSXE [Administrator]
Thursday, February 12, 2009 @ 4:34:02 PM

Final Fantasy Tactics 2.

For the PS3.

It's coming.

Really.

...

.......

'sob'

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JofaMang
Thursday, February 12, 2009 @ 8:30:29 PM

Tactics was awesome, though I never really discovered for myself till a few years after release, laid up for a few months with a blown ankle.

I wonder how that type of play (or a severely modified version I am sure) would translate to this generation of consoles, i mean, that was about 8 years ago now?

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isaya85
Thursday, February 12, 2009 @ 1:52:43 PM
Reply

wishful thinking

PSN ID Biggest_GMoney

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crapreviews
Thursday, February 12, 2009 @ 2:18:01 PM
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so now they will be SEE. square-enix-edios

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kreate
Thursday, February 12, 2009 @ 2:36:56 PM

not really. this is not the same type of merge as the old squaresoft and enix. but when representing Eidos, square enix name will appear as well.

square enix.... the next microsoft?

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MetalHead09
Thursday, February 12, 2009 @ 3:04:55 PM

oh GOD kreate lets hope not lol.

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crapreviews
Friday, February 13, 2009 @ 5:44:22 PM

it was kinda meant to be a joke.

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InfiniteRetro
Thursday, February 12, 2009 @ 3:16:18 PM
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maybe square enix is have delusions of EA granduer.

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BTNwarrior
Thursday, February 12, 2009 @ 3:32:30 PM
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Soooo will Laura have disporportional eyes to now?

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JaktheDaxter
Thursday, February 12, 2009 @ 5:28:08 PM

In the words of that hunter from Jurassic Park ..."clever girl...." LOL Im goofing.

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BigBoss4ever
Thursday, February 12, 2009 @ 5:07:47 PM
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fire the top heads of Square Enix and restore the good old Square Soft, period.

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JaktheDaxter
Thursday, February 12, 2009 @ 5:29:20 PM
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Am I the only a LITTLE excited that we may see a better Tomb Raider or Legacy of Kain. Two series dying for a good game.

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firehahahahaha
Thursday, February 12, 2009 @ 5:37:12 PM

I'd love to see another Legacy of Kain game, but since Amy went to naughty dog, they should take over.

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firehahahahaha
Thursday, February 12, 2009 @ 5:37:48 PM
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I've never really cared for any Edios games cept Legacy of Kain, and I've pretty much given up on the next one of thoes, so I'm fine with it...

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ps92117
Thursday, February 12, 2009 @ 6:27:26 PM
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damn stupid square enix, god damn sony get to purchasing stocks SE is realy getting in my nervs through the spinal cord and into my brain, had it with them.

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robinhood2010
Thursday, February 12, 2009 @ 7:45:07 PM
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They gonna take over the world..It started with the merger, maybe in 10 years time SE will release their own console....

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Kevadu
Friday, February 13, 2009 @ 2:41:59 AM
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Are we going to call them Squenios now?

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cegmp
Friday, February 13, 2009 @ 9:11:57 AM
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I'm interested to see what happens.

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WorldEndsWithMe
Friday, February 13, 2009 @ 4:31:00 PM
Reply

Lara with Tifa's rack... mmmm mmm good

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