Square Enix Closing In On Eidos Takeover, Deal Expected To Be Finalized In May
by March 4, 2009 @ 9:09 pm
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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