PS3 News: Square-Enix Continues Eidos Pursuit, Snaps Up More Shares - PS3 News

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Square-Enix Continues Eidos Pursuit, Snaps Up More Shares

Earlier 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

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Comments (24 posts)

BTNwarrior
Tuesday, February 24, 2009 @ 11:08:33 AM
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As long as there is a future for the hitman franchise I'll be happy

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www
Tuesday, February 24, 2009 @ 11:23:34 AM
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Square..wat....,is it some kind of electronic device or something?....sorry,never heard of'em.

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Randomhero1
Tuesday, February 24, 2009 @ 11:33:30 AM
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I used to love square... now their just... ehh.

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BeezleDrop
Tuesday, February 24, 2009 @ 11:34:11 AM
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Redeem yourselves Square_Enix! Release FFXIII(more importantly FFXIII Versus) ahead of time! Maybe they will make a Tomb Raider rpg....

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rell
Tuesday, February 24, 2009 @ 12:11:42 PM

Yeah probably I hope they don't delayed ffxiii or ffvsxiii again.

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robinhood2010
Tuesday, February 24, 2009 @ 12:14:58 PM
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Fantasy Raider VII
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...

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Randomhero1
Tuesday, February 24, 2009 @ 12:40:41 PM

oh my o.o

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Dustinwp
Tuesday, February 24, 2009 @ 12:26:03 PM
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Oh well, I haven't cared to much for Eidos or their games since they ended the Legacy of Kain/Soul Reaver franchise.

Last edited by Dustinwp on 2/24/2009 12:28:56 PM

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BTNwarrior
Tuesday, February 24, 2009 @ 4:32:40 PM

Come on didn't you ever play Freedom Fighters or Hitman

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Victor321
Tuesday, February 24, 2009 @ 2:52:07 PM
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SE is going to get hit by something hard later on, it's karma...

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NightHawk17
Tuesday, February 24, 2009 @ 3:14:31 PM

and she is a bi**h

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Victor321
Tuesday, February 24, 2009 @ 3:31:04 PM

lol by "she", SE right?

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WorldEndsWithMe
Thursday, February 26, 2009 @ 9:31:42 AM

Karmas da bi*ch

Last edited by WorldEndsWithMe on 2/26/2009 9:31:59 AM

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King James
Tuesday, February 24, 2009 @ 4:15:15 PM
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So a Japanese Dev that is turning into a one trick pony (Final Fantasy), is buying a burned out American Dev??

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

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craigmoss19
Wednesday, February 25, 2009 @ 7:52:41 AM

eidos isn't an american company, they're british

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King James
Wednesday, February 25, 2009 @ 5:53:26 PM

Fine, an English company then. My point still stands. They still burnt out.

Last edited by King James on 2/25/2009 5:55:03 PM

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Tuesday, February 24, 2009 @ 4:46:01 PM
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FINALLY! hopefully they can fix all the glitches in Tomb Raider. I just finished playing Underworld (borrowed it) and the glitches were unbelievable! invisible platforms, crazy ponytails flinging and stretching for miles, AI glitches, bad camera, and my all time favorite: "Invisible Lara" in which she disappears completely(not even a shadow) and you're left to wander until you die. But i don't want to see no Tomb Raider RPG.

Though, I explicitly remember EIDOS being on the cover of Final Fantasy 7.(PC ver. if i'm not mistaking)

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Juanalf
Tuesday, February 24, 2009 @ 7:21:35 PM
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little traitors

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crapreviews
Tuesday, February 24, 2009 @ 8:09:57 PM
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eh....

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OriginalSin
Wednesday, February 25, 2009 @ 2:51:51 AM
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LOL ....Tomb Fantasy....

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kreate
Wednesday, February 25, 2009 @ 7:04:57 AM
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i enjoy the articles on this site. but sometimes, i just come on psxextreme just to read people's comments. u guys are hilarious.

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Arvis
Wednesday, February 25, 2009 @ 3:36:19 PM

It's true. We're the best commenters on the internet.

-Arvis

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LimitedVertigo
Wednesday, February 25, 2009 @ 3:44:51 PM
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I agree kreate...I'm on several gaming forums and I've loved reading this forum for months.

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WorldEndsWithMe
Thursday, February 26, 2009 @ 9:33:09 AM
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Ugh, Can SE STOP making bad decisions please?

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