Square Enix and Eidos Agree Buyout Terms
It's soon to be official as earlier this week share holders of Eidos have voted in favor of the Square Enix buyout, gamesindustry.biz reports. Check it out:
With many recent Eidos game performing quite poorly can the Asian publisher bring a rebirth to Eidos future lineup?
One of the last UK publishing houses will come under foreign ownership next month as shareholders in Eidos voted with an overwhelming majority to accept the bid by Square Enix.
The Final Fantasy publisher, which offered 32 pence per share in February under the SQEX holding company, will gain control of Eidos and its constituent parts after the publisher's shares are delisted, which is estimated to happen in late April.
At a court meeting over 85 per cent of the shares held in the company were represented in votes cast to accept the bid, and at the subsequent EGM the motion required to implement the acquisition was also approved.
Among the properties that Square Enix will take control of are the Tomb Raider, Hitman and Championship Manager franchises, although there's no word as yet on what changes the new owners will make to the company's structure.
The Final Fantasy publisher, which offered 32 pence per share in February under the SQEX holding company, will gain control of Eidos and its constituent parts after the publisher's shares are delisted, which is estimated to happen in late April.
At a court meeting over 85 per cent of the shares held in the company were represented in votes cast to accept the bid, and at the subsequent EGM the motion required to implement the acquisition was also approved.
Among the properties that Square Enix will take control of are the Tomb Raider, Hitman and Championship Manager franchises, although there's no word as yet on what changes the new owners will make to the company's structure.
With many recent Eidos game performing quite poorly can the Asian publisher bring a rebirth to Eidos future lineup?