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Eidos Shareholders Recommend Square Enix Takeover
by David Jenkins
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March 27, 2009
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One of the final hurdles to Square Enix’s acquisition of UK publisher Eidos Interactive has been overcome, with shareholders voting overwhelmingly in favor of the move.
Over 85 percent of shareholders, representing 99.92 percent of shares, voted in favor of Square Enix’s $117 million takeover.
The acquisition has seemed increasingly likely ever since Square Enix gained the support of the Eidos board and major shareholder Warner Bros.
The rest of the acquisition process is now largely a formality, with Eidos set to suspend its shares listing on April 21st, with the company’s name set to be delisted from the London Stock Exchange the next day.
Full ownership of Eidos and all its properties and studios is then due to formally begin on May 6th.
The acquisition will give Square Enix access to Eidos’ Western distribution network, as well as franchises including Tomb Raider, Hitman and Deus Ex.
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One of the most successful Japanese companies taking over a struggling US company to expand its ability to publish and produce games over here. Sounds great to me.
If we get a Tomb Raider RPG, all the better!
Earlier I was hoping for Warner to buy Eidos, now I hope this will work out...
@ Jeff : Eidos is based in the UK.