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

Members Login: Register | Why sign up? | Forgot Password?

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, "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

Share on Twitter Share on Facebook Share on Google Share on MySpace Share on Delicious Share on Digg Share on Google Buzz Share via E-Mail Share via Tumblr Share via Posterous

New Comment System

Legacy Comment System (0 posts)

There are no comments to display.

Leave a Comment

Please login or register to leave a comment.

Latest Updates

Shadow of the Colossus Review
10d, 19h, 47m ago (2 comments)

Strikers Edge Review
14d, 20h, 27m ago (19 comments)

Okami HD Review
15d, 18h, 19m ago (6 comments)

Ultimate Chicken Horse Review
19d, 13h, 13m ago (16 comments)

Black Mirror Review
35d, 1h, 15m ago (23 comments)

Our Poll

How often do you visit the site?
Once a day
Several times a day
Every few days
Once a week
This is my first visit
I've never been here, even now I am not here

Previous Poll Results