NEWS - Thursday, February 12, 2009


Square Enix Reveals‭ ‬

The bid was made one month ago on Jan‭ ‬14,‭ ‬with the offer to purchase the struggling‭ ‬UK publisher at‭ ‬32p a share,‭ ‬an attractive premium over three times more than Eidos’‭ ‬share price‭ ‬when the bid was made.

Square Enix,‭ ‬the Japanese enterprise which has recently made a string of investments to expand its reach Westward,‭ ‬said that the Eidos buyout would be‭ “‬highly complementary‭” ‬to its business strategy.


‭“‬Eidos maintains a strong reputation for high quality development and proven expertise in creating characters and storylines that appeal to consumers,‭” ‬Square Enix President Yoichi Wada said in a statement.‭

“Eidos is a talented developer and publisher of interactive entertainment products with a broad portfolio of highly successful mass-market franchises,‭ ‬led by Tomb Raider,‭ ‬one of the most successful videogame franchises of all time,‭” ‬Wada added.

Eidos chairman Tim Ryan‭ ‬said of the deal:‭ “‬We believe that this cash offer provides Eidos Shareholders with an attractive price and certainty in today’s challenging market backdrop and economic outlook.‭"

“‬The acquisition of Eidos will complement Square Enix’s expansion into Western markets and offers mutually beneficial opportunities for the combined group.‭ ‬The Board believes that this offer is in the best interests of the shareholders.‭”

It is said that‭ ‬Eidos directors will be recommending that shareholders accept the offer.‭ ‬The acquisition has not yet been approved by regulators.


Source: http://www.next-gen.biz

Site Statistics

Registered Members: 79,017
Forum Posts: 725,965
Xbox One Titles: 5,957
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,537
Member Reviews: 10,339
News Articles: 16,531
Screenshots: 38,697
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

KeyWe Giveaway!
Post by Variation-XBA
0 Replies, 22435 Views

2021: XBA is still here
Post by shrew king
38 Replies, 183351 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 118397 Views

Xbox Series X or S
Post by Nato King
5 Replies, 136425 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 128002 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 148293 Views

Xbox one no signal
Post by debrartin
0 Replies, 138638 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 198198 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 153469 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 247749 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 144688 Views

Squad Up
Post by samslophead
0 Replies, 247482 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 175631 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 302525 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 163370 Views

© 2000-2024 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics