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 more: Square 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

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