Latest News
spacer View All spacer
 
February 9, 2010
 
Analysts: EA On The Right Track At Last
 
E3 2010 Registration Opens As Major Exhibitors Confirmed
 
Ubisoft Q3 Sales Edge Down, As It Ramps Up Big Franchises
spacer
Latest Features
spacer View All spacer
 
February 9, 2010
 
arrow Television, Meet Games
 
arrow Two Halves, Together: Patrick Gilmore On Double Helix [1]
 
arrow The Road To Hell: The Creative Direction of Dante's Inferno [20]
spacer
Latest Blogs
spacer View All     Post     RSS spacer
 
February 9, 2010
 
Fixing the GDC 2010 Schedule Builder
 
Lineage 2 Interview - 'Freya Update Is Just a Beginning' - Pt.2
 
Swashbuckling for Landlubbers: Why you may already be encouraging piracy! [19]
spacer
Latest Jobs
spacer View All     Post a Job     RSS spacer
 
February 9, 2010
 
Rockstar North
Senior Graphics Programmer
 
Flashpoint Academy
Game Development and Animation Teachers
 
Ubisoft San Francisco
Network Engineer
 
Telltale Games
Senior Game Designer
 
Irrational Games
Multiplayer Level Designer
 
Toys for Bob / Activision
Senior Producer (Temporary)
 
Gameloft
Low Poly 3D Modeling / Texture Artist
 
ROCKSTAR GAMES NYC
Gameplay Capture Artist
spacer
About
spacer News Director:
Leigh Alexander
Features Director:
Christian Nutt
Editor At Large:
Chris Remo
Advertising:
John 'Malik' Watson
Recruitment/Education:
Gina Gross
 
Feature Submissions
About
spacer If you enjoy reading this site, you might also want to check out these Think Services sites:

Game Career Guide (for student game developers.)

Indie Games (for independent game players/developers.)

Finger Gaming (news, reviews, and analysis on iPhone and iPod Touch games.)

GamerBytes (for the latest console digital download news.)

Worlds In Motion (discussing the business of online worlds.)

Game Set Watch (the Group's alt.game weblog.)
News

  Warner Backs Square Enix Bid For Eidos
by David Jenkins
0 comments
Share RSS
 
 
February 16, 2009
 
Warner Backs Square Enix Bid For Eidos
Advertisement
Square Enix says it has received official support from majority Eidos Interactive stakeholder Time Warner on its bid for the Tomb Raider publisher, removing one of the major possible obstacles to the deal.

Eidos’ board of directors has already said it will advise shareholders to accept the £84.3 million ($117 million) bid for Eidos, revealed last week.

Not only does Time Warner own a 20 percent stake in Eidos, but it also appeared interested in making its own bid for the UK publisher -- before Square Enix's offer, Time Warner had been incrementally increasing its stake in the company, and had expressed an interest in further game business acquisitions.

Warner’s decision means that more than a third of Eidos’ shareholders have already indicated they are in favor of the deal, which will be formally put to the vote at a March meeting.

However, Square Enix points out that Time Warner has reserved the right to change its position if a higher offer is made by another party before the vote occurs, or if there is a bid from within Time Warner itself.
 
   
 
Comments

none
 
Comment:
 


Submit Comment