Square-Enix Continues Eidos Pursuit, Snaps Up More Shares
See Full ImageEarlier this month, it was revealed that Square-Enix was the major pursuer of struggling Tomb Raider publisher Eidos, and the RPG veteran hasn't backed off.
According to GamesIndustry.biz, "Insight Investment Management and Pioneer Investment Management have sold about 11.13% of the issued share capital to Square-Enix, at the price of 32 pence per share." Now, whether you approve of this deal or not unfortunately doesn't matter; many others do, including Pioneer and Warner Bros. Square-Enix also said it currently has "irrevocable undertakings to vote in favour of the resolutions to be proposed at the Court Meeting and the EGM in respect of, in aggregate 84,947,489 Eidos Shares representing 32.23 per cent of the existing share capital of Eidos." The bottom line is that Eidos may soon become a Square-Enix property, and the latter can continue its push westward. It has been S-E's goal for a while now (perhaps you didn't notice the timed and full Xbox 360 exclusives they've been producing), and the acquisition of Eidos appears to be a logical step in the process. One can only hope that they don't futilely attempt to somehow combine the Tomb Raider and Final Fantasy franchises...that would be a horrendous mistake.
Anyway, we'll let you know when this deal is finalized. It seems inevitable at this point, but you never know what might happen with these big business deals. Even business executives can go crazy.
2/24/2009 Ben Dutka
Put this on your webpage or blog:
Email this to a friend
Follow PSX Extreme on Twitter
Comments (24 posts)
www
Tuesday, February 24, 2009 @ 11:23:34 AM
Reply
1 up, 0 down
Randomhero1
Tuesday, February 24, 2009 @ 11:33:30 AM
Reply
1 up, 0 down
BeezleDrop
Tuesday, February 24, 2009 @ 11:34:11 AM
Reply
0 up, 0 down
rell
Tuesday, February 24, 2009 @ 12:11:42 PM
0 up, 0 down
robinhood2010
Tuesday, February 24, 2009 @ 12:14:58 PM
Reply
FF7 in real time where Cloud shoots tigers with dual handguns in an underground cave, whilst a Tifa dressed as Lara jumps from the back of a jeep in a jungle...
0 up, 0 down
Dustinwp
Tuesday, February 24, 2009 @ 12:26:03 PM
Reply
Last edited by Dustinwp on 2/24/2009 12:28:56 PM
0 up, 0 down
BTNwarrior
Tuesday, February 24, 2009 @ 4:32:40 PM
0 up, 0 down
Victor321
Tuesday, February 24, 2009 @ 2:52:07 PM
Reply
2 up, 0 down
WorldEndsWithMe
Thursday, February 26, 2009 @ 9:31:42 AM
Last edited by WorldEndsWithMe on 2/26/2009 9:31:59 AM
0 up, 0 down
King James
Tuesday, February 24, 2009 @ 4:15:15 PM
Reply
SO THE F--K WHAT?!
Eidos hasn't come out with any new IPs in years. And the old IPs (Tomb Raider, Hitman, Conflict: <insert generic warzone here>, etc) lack the the necessary vision to survive this gen. The only one I see making some noise is Hitman, but I think that series is done due to lay-offs and cut-backs. Eidos hasn't shown my one game in years that completes with today's devs.
Besides S-E is just gonna combine Eidos with their American sector is California, and pump out Xbox360 shooters. Eidos glory days are gone. Pull the plug on them. Let those ppl move on to other companies.
I think this is a bad move on S-E's corporate side. This is a waste of money. Money that could be used to IDK make FF13, Versus 13, and Agito 13 better than b4. Possibly finish these ahead of schedule and release something b4 the 2009 fiscal year is over.
So Square-Enix is now Square-Eidos. And they STILL only have FF (and Kingdom Hearts).
Last edited by King James on 2/24/2009 4:23:00 PM
1 up, 0 down
craigmoss19
Wednesday, February 25, 2009 @ 7:52:41 AM
0 up, 0 down
King James
Wednesday, February 25, 2009 @ 5:53:26 PM
Last edited by King James on 2/25/2009 5:55:03 PM
0 up, 0 down
Tuesday, February 24, 2009 @ 4:46:01 PM
Reply
Though, I explicitly remember EIDOS being on the cover of Final Fantasy 7.(PC ver. if i'm not mistaking)
0 up, 0 down
kreate
Wednesday, February 25, 2009 @ 7:04:57 AM
Reply
0 up, 0 down
Arvis
Wednesday, February 25, 2009 @ 3:36:19 PM
-Arvis
0 up, 0 down
LimitedVertigo
Wednesday, February 25, 2009 @ 3:44:51 PM
Reply
0 up, 0 down
WorldEndsWithMe
Thursday, February 26, 2009 @ 9:33:09 AM
Reply
0 up, 0 down
BTNwarrior
Reply
Tuesday, February 24, 2009 @ 11:08:33 AM