Square Enix Places $120 Million Bid for Eidos

Posted by x3sphere at 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.

Read moreSquare Enix Closing In On Eidos Takeover, Deal Expected To Be Finalized In May, Square Enix Announces “Friendly” Tecmo Takeover Bid, Take-Two Shares Fall As Shareholders Cut Stakes, Square Enix Withdraws Tecmo Proposal, Activision Blizzard Merger Approved By Stockholders

Comments

skparasite says:

SquareEnix sure has a fetish for buying companies now don't they . :p

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