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Square Enix Makes A $117 Million Bid To Acquire Eidos, Has Board Recommendation

r_pad
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Posted February 12, 2009 - By r_pad

Square Enix has made a $117 million bid to acquire Eidos Interactive. The deal looks ready to go, but there could be a major snag. According to Gamasutra:

"Time Warner, which owns 20 percent of Eidos, is contractually obligated to allow the deal unless it were to make an offer of its own. It must accept the recommendation Eidos' Board of Directors plans to make to its shareholders that they take the deal. The Board will convene for the recommendation in March."


There's still a chance that Time Warner will step it up and lay down some cash to bolster its Warner Bros. Interactive Entertainment division. The battle isn't over yet!

What do you think of Square Enix's bid? Are the companies a good match? What kind of cool crossover opportunities can you imagine? Perhaps Lara Croft being a home wrecker and breaking up all the Final Fantasy romances?

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Tags: Videogames
Square Enix Makes A $117 Million Bid To Acquire Eidos, Has Board Recommendation
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