Square Enix Places $120 Million Bid for Eidos
by February 12, 2009 @ 11:06 am
A Tomb Raider and Final Fantasy crossover? This is a thought we would have laughed at years ago, but it could very well become a reality, as Square Enix has placed a takeover bid valued at $120 million dollars in an effort to expand their Western presence.
The bid represents a premium of approximately 258 percent, compared to the closing mid-market price of Eidos shares on January 14. The company’s Board of Directors are going ahead with the deal and have proposed it to shareholders. A final decision is expected to be made next month.
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