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Square Enix offers to buy Eidos News
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by
Ellie Gibson
Square Enix has offered to buy Eidos for GBP 84.3 million (EUR 93.2 million).
That works out at 32 pence per share - 258 per cent more than they were worth on January 14th, when the bid was made. It's also 91 per cent more than they've been worth, on average, over the last three months. Eidos' board of directors has agreed to recommend the offer to shareholders.
Square Enix boss Yoichi Wada said it's all about expanding into Western markets, and of course Tomb Raider. "Eidos maintains a strong reputation for high quality development and proven expertise in creating characters and storylines that appeal to consumers," he said.
For more background to the deal, and quotes that include like "portfolio", "diversified" and "global basis", visit GamesIndustry.biz.
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Comments: 1-41 of 41 in total
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MrChuckles
12/02/09 @ 10:42
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I have to say that Eidos aren't exactly an exciting new publisher with fresh ideas. However any investment in the U.K. in this financial crisis is a good thing and if this means more Square Unix titles released in Europe then i'm all for it...
Still think Square Enix have picked the wrong publisher though, but i guess there aren't many independent ones left here. |
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the_dudefather
12/02/09 @ 10:45
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Hope they put random battles in the next hitman and give him some fabulous hair
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A tomb raider anime could be quite cool, or even better an CG tomb raider that looks as spiffing as Advent Childern.
Reading the franchises eidos own, from the press release is quite depressing. It doesn't look like they have come up with any decent new ideas for many years. I guess we knew this though, when they remade a game that was only 1 generation old (Tomb Raider Anniversary). |
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GamesConnoisseur
12/02/09 @ 11:15
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I think its simply for Square Enix to have a more established operational and marketing resources to call on in the West rather than anything to do with franchises, which would be just a bonus.
Square Enix is not as advanced as Capcom or Namco and needs to get beyond flat Japanese market. So thereare mutual benefits.. |
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seamonsterneil
12/02/09 @ 11:25
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that mini ninjas game looks awesome from the images i saw in a magazine. I think thats the kind of game that would definately benefit from a level of advertising only a company like square could manage.
I just really dont want to see lara messed with despite the last game being hugely mediocre |
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rhubarbandcustard
12/02/09 @ 11:49
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"It doesn't surprise me. The Japanese seem to have an unhealthy obssession with scantily clad very young ladies, judging by their pervy video games and anime. So Eidos seems to be the perfect fit so they can get their dirty little hands on our Lara."
Isn't this the exact same reason that compels so many of you dreadful, dreadful people to buy manga? It's certainly the reason why I played Soul Calibur 4.
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most recently on 12/02/09 @ 11:54
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Triggerhappytel
12/02/09 @ 11:55
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What an odd pairing. However, if it keeps the likes of Tomb Raider, Hitman, Deus Ex et al alive then it's fine by me. I just hope Squeenix are aware that the reason Eidos keep getting sold off is that they're not very profit making since about seven years ago now.
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cocorulverde
12/02/09 @ 12:01
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So ... does that mean Lara Croft will have smaller tits and bigger eyes?
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Triggerhappytel
12/02/09 @ 12:13
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...Surely you mean bigger tits (with realistic bounce) and bigger eyes.
And possibly an animal sidekick. |
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"It doesn't surprise me. The Japanese seem to have an unhealthy obssession with scantily clad very young ladies..."
I don't mind that at all (well, aside from the "very" part of that last sentence). I'm more concerned about their unhealthy obession with only slightly less scantily clad, gender confused emo teen boys :). |
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kangarootoo
12/02/09 @ 13:44
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Who would have thought that EG readers were so knowledgable about corporate acquisitions.
Square Enix should hire the lot of you quick smart before they make a terrible mistake. ;) P.s. actually, some poeple seem to know what they are on about. Unsurprisingly its the people NOT saying things like "Square Enix are fools". Their bank balance suggests they are anything but fools.
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most recently on 12/02/09 @ 13:45
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MuppetThumper
12/02/09 @ 14:06
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YEEEEEEEEEHAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!
What was a £300 loss yesterday turns out to be a £500 profit this morning. NICEEEE! finally one of my shareholdings turns good. |
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dirk_aircool
12/02/09 @ 15:01
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Battle stations pacific will end differently . if it ever gets realesed .
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dirk_aircool
12/02/09 @ 15:12
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Kangarootoo . I bet EG readers aren't stupid enought to pay 91% more than market value for anything . ( apart from games , which we are stupid about , why buy on release when can wait for patched and cheaper version 6months later ? ). And no one Is going to loan money to people that we know wont pay us back a la HBOS and Co . SO THERE ind try to imagine a large raspbery bieng blown in your general direction you smart alec know it all mother %£^&*%%"!"!".
Doctorzoidberg . I dont care if your camp . as long as your comy with your sexuality . thats all that matters .
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most recently on 12/02/09 @ 23:01
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DoctorZoidberg
12/02/09 @ 15:40
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dirk_aircool, you have put a few to many random symbols in I think.
I'm in Kangarootoo's camp here. I can't see anything other than positives for everyone here. Seem's a smart move to me. Offer just enough money so they will bite your hand off whilst it's cheap. I can imagine a few months back It would have cost a lot more to acquire, and I'm sure in the coming year's it will again increase. Especially If well looked after. |
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Eidos=Unemployment
12/02/09 @ 17:22
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Eidos had to merge with somebody so I think this will be a good move for them in the long run rather than disolving.
However, this might not be such good news for the eidos employee's. If your looking for new jobs i heard macdonalds are recruiting..... Rich you could be incharge of the drive through window. Might actually be able to run that efficiently. |
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autogunner
12/02/09 @ 18:30
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can we please grow up? just because square enix is a japanese company doesnt mean it will animify every one of edios' IPs.
They probably want to snap them up so they dont have to rely on sony and msoft to publish their titles in the west, which is what EA do best, being a PUBLISHER primarily. however squarenix if youre listening, a proper SSX3 sequel will make you millions... just putting that out there |
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Hopefully this will be good for both companies. Square-Enix have always been a two-bit operation in Europe, and Eidos were on the slide... I just hope this doesn't mean neglect or alteration of the few decent, but strictly western franchises in the Eidos catalogue (Deus Ex and Thief spring to mind). Or that the pattern of lacking inspiration for both companies combines to make some kind of slobbering mediocrity beast that excretes spin-off titles into retailers.
Lets look forward to the collective sigh when Lara Croft turns up in Dissidia 2. |
Comments: 1-41 of 41 in total
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