Rumours have been bandying about this one for awhile, and it is now confirmed Square Enix is the 'mystery company' discussing the acquisition of Eidos, having just put out a bid to buy 'em out; the latter company has been struggling for some time now following dissapointing sales of their latest Tomb Raider outing.
Following Squenix's £84.3 million bid, Eidos' shares have reportedly skyrocketed: closing at 14 pence yesterday, they drove up to 31.75, just below their acquisitor's 32 pence per share offer. More than that, 16 million plus shares are being traded as of this morning, an astonishing figure.
The deal isn't confirmed, but does look likely, especially based on these results. Square says if it goes through, which they expect by April's end, it would "reinforce the Square Enix Group's position as one of the world's leaders in interactive entertainment," in keeping with their intention to expand in the West.
This follows new of the company's forecasting of full-year profits falling 51 percent to $50 million due to a delay in the latest DS iteration of Dragon Quest.
"[Eidos has a] broad portfolio of highly successful mass market franchises, led by Tomb Raider,” Square Enix President Yoichi Wada said in a statement. “We believe that wide range of both companies’ quality products encompassing major genres will enable us to meet diversified customers’ expectations.”
Still, how are these companies going to fit? Final Tomb: Underworld Fantasy..ah yes...
New Deus Ex 3 details turn up in Czech magazine
‘Paul Blart: Mall Cop’ Secures Second Box-Office #1
