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SQUARE ENIX TO
BUY EIDOS INTERACTIVE
Copyright 2009 www.tombraiderchronicles.com
[ February 12th 2009 ]
Japanese
video-game maker Square Enix Holdings has agreed
in principle to buy Eidos
Interactive for $121 million. A statement
released by the company confirms both Eidos and
Square have agreed a deal, subject to shareholder
approval.
"The
SQEX Directors and the Eidos Directors are pleased
to announce that they have reached agreement on
the terms of a recommended Offer under which SQEX,
a wholly-owned subsidiary of Square Enix, will
acquire the entire issued and to be issued ordinary
share capital of Eidos. The Offer is to be effected
by means of a scheme of arrangement under the
Companies Act 2006.
"Square
Enix believe that the acquisition of Eidos represents
a highly attractive opportunity for the Square
Enix Group to create further value for the Square
Enix Group's shareholders. "
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