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Square Enix Expected To Purchase Eidos In May, Pending Shareholder Approval

r_pad
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Posted March 4, 2009 - By r_pad

Lara Croft going from Eidos to Square Enix in May 2009

It's official, boys and girls. Lara Croft will soon be the property of Square Enix. According to MCV:

"Eidos has reached an agreement with Square Enix which will result in the Britsoft firm's complete share capital being purchased by the Japanese company in early May. Trading of Eidos shares will be suspended on April 21st and the cancelling of its share listings is due to occur the following day. A settlement is hoped to be in place by May 6th."

In what will likely be a year filled with buyouts, bankruptcies, and mergers, thus far, Square Enix's purchase of Eidos is 2009's biggest deal. It will be interesting to see how Square Enix integrates the company.

Tomb Raider is obviously Eidos' best-known franchise, but Square Enix previously showed interest in IO Interactive. While parts of the company are sure to shut down, things look bright for the Hitman developer.

Now that the deal appears to be set, how do you feel? Are you concerned about any of your favorite Eidos franchises? Are you still puzzled as to why Square Enix even wants Eidos? Leave a comment and let me know (please)!

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Tags: Videogames
Square Enix Expected To Purchase Eidos In May, Pending Shareholder Approval
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