Square Enix purchases more stock in Eidos

Tuesday, 24 February 2009 18:40 GMT By Stephany Nunneley


Square Enix has purchased more stock in Eidos, further extending its plans to acquire the company.

The firm bought approximately 11 percent of shares, previously owned by Insight Investment Management and Pioneer Investment Management for $0.46 each.

Square’s stake in Eidos is now over 32 percent.

Warner and Pioneer have both backed the deal.

More over at GI.biz.