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.