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Square bids £84.3 million for Eidos

Thursday, 12th February 2009 09:04 GMT By Patrick Garratt

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Square Enix has made official an £84.3 million bid for Eidos.

The Eidos board has agreed to recommend the offer to shareholders, which is worth 32 pence per share.

The price represents a premium of 258 per cent over the price at the time the offer was made, January 14, and a premium of 91 per cent over the price average of the last three months.

Said Square boss Yoichi Wada: “Eidos is a talented developer and publisher of interactive entertainment products with a broad portfolio of highly successful mass market franchises, led by Tomb Raider, one of the most successful videogame franchises of all time.

“Eidos maintains a strong reputation for high quality development and proven expertise in creating characters and storylines that appeal to consumers. Eidos’ products are highly complementary to our business and will accelerate our aggressive expansion into Western markets.

“We believe that wide range of both companies’ quality products encompassing major genres will enable us to meet diversified customers’ expectations upon a global basis.”

This is all part of Square Enix boss Yoichi Wada’s push to go “global”.

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12 Comments

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  1. Blerk

    Lara to get spiky hair next time around, eh? :-D

    #1 6 years ago
  2. pleasant_cabbage

    and really dooley clothes.

    #2 6 years ago
  3. Blerk

    Incidentally, Gamkyo are reporting that those ‘SquareEnix financials are delayed because they’re about to announce a Dragon Quest IX delay’ rumours appear to be true. Seems the game’s been pushed back to July in Japan, rather than launching next month as expected.

    #3 6 years ago
  4. Tiger Walts

    A Tomb Raider with RPG elements. I’d play that.

    #4 6 years ago
  5. Spiral

    What’s dooley mean?

    #5 6 years ago
  6. rainer

    I wonder if Warner Brothers will intervene, they own part of Eidos and have been keeping on eye of them for acquisition.

    It would be interesting to see if Square could really turn Eidos around.

    #6 6 years ago
  7. Captain Fruitloop

    God knows, Eidos needs something to turn them around. Whoever ends up owning them, sacred cows like Ian Livingston need to be finally shown the door, and they have to stop thinking that selling the movie rights to games – Tomb Raider, Hitman, even Kane & Lynch – somehow means they’re still a successful games publisher.

    #7 6 years ago
  8. Michael O'Connor

    Square have been hoping to move into the global market for a while now.

    If they can get their hands on Eidos, that’ll be a strong start with some fell known franchises.

    Don’t expect RPG elements or spiky hair. That’s just stupid. =P

    #8 6 years ago
  9. SticKboy

    BRING BACK SOUL REAVER, FFS! The gaming world needs at least *one* good vampire series, after all!

    All the Legacy of Kain/Soul Reaver titles had some of the finest voice-acting an intricate plot weaving I’ve ever seen in a game, fucking MOAR PLEAZ.

    #9 6 years ago
  10. Johnny Cullen

    According to the BBC, Eidos have accepted the bid.

    Gonna have a peak now, 2 secs.

    #10 6 years ago
  11. Johnny Cullen

    http://news.bbc.co.uk/1/hi/business/7885454.stm

    #11 6 years ago
  12. Johnny Cullen

    Moderation, Pat ¬_¬

    #12 6 years ago