- Of all the potential suitors for Eidos Interactive, Japanese RPG power house Square Enix seemed like the definite underdog.
Time Warner already owned a significant number of Eidos shares, and has recently made moves to increase that number. In spite of this, SE went ahead with [Register or Login to view links]
to purchase Eidos, in a continued attempt to extend its Western reach.
However, Square Enix agreed to buy the British firm behind titles such as 'Tomb Raider' and 'Championship Manager' for 84.3 million pounds ($120.8 million) to extend its reach in Europe.
To quote: Square Enix also said on Thursday it was postponing the latest sequel of its blockbuster game 'Dragon Quest' by nearly four months and slashed its full-year profit outlook.
Square Enix, which also makes 'Final Fantasy' role-playing games, said it would pay 32 pence a share in cash for Eidos (EIDE.L), which has been hit by weaker-than-expected U.S. sales of 'Tomb Raider: Underworld', its latest game starring scantily-clad swashbuckler Lara Croft.
That is over three times Eidos' closing share price of 9 pence on Jan. 14, the day before the bid approach was announced. The deal turns up the heat on U.S. media giant...