Square Enix has recently snapped up 11 percent of Eidos’ shares, while an additional 3 percent will be bought in the near future. This move adds further credibility to the proposal that Square Enix will indeed acquire Eidos. A statement from the Japanese developer/publisher reads:
“The board of Square Enix is pleased to announce that it has acquired 2,000,000 Eidos shares from Insight Investment Management and 27,349,341 Eidos shares from Pioneer Investment Management, representing in aggregate approximately 11.13 per cent of the issued share capital of Eidos, at a price of 32 pence per Eidos share.”
Warner Bros., who own a significant stake in Eidos, supports the proposed acquisition, through which Square Enix intends to beef up its portfolio of games that appeal directly to Western gamers with Eidos’ intellectual property, including Tomb Raider, Hitman and Kane and Lynch.
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