Square Enix Closing In On Eidos Takeover, Deal Expected To Be Finalized In May

by Mike Bendel on March 4, 2009 @ 9:09 pm

yoichi_wada
As each day passes by, Square Enix is that much closer to ownership of Eidos and all of its properties. Finalization of the $120 million takeover, initially made public last month, is expected to commence in early May, as soon as the 6th.

That, of course, will only happen if majority of company shareholders agree to the buyout. And, seeing as Square is presenting a rather generous offer, it’s very unlikely they’ll say no and let it all go south. Not to mention, all of the higher-ups in Eidos are gun-ho on the deal. Provided the vote goes through, trading of Eidos shares will be suspended on April 21.

Square Enix and Eidos agree buyout terms [MCVUK]

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Read moreSquare Enix Places $120 Million Bid for EidosEidos Dropped As Publishing Label, Square Enix Europe Named ReplacementSquare Enix Planning Tecmo Buy OutEidos Retains Brand Independence In Square Enix DealSquare Enix To Cut 300 Jobs In Japan

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