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Court Approves Eidos Takeover by Square Enix
Court Approves Eidos Takeover by Square Enix
April 21, 2009 | By Kris Graft

April 21, 2009 | By Kris Graft
More: Console/PC

A court has approved Square Enix's takeover of U.K.-headquartered Tomb Raider house Eidos, according to an announcement today by Eidos' board of directors.

Square Enix hopes that the acquisition of a major Western game publisher will give the Tokyo, Japan-based firm a greater foothold in Europe and North America.

The takeover is on track to become effective on April 22, when Eidos franchises such as Tomb Raider and Deus Ex will come under the same roof as Square Enix's revered Final Fantasy series and other properties.

The court today also confirmed Eidos' capital reduction. Dealings in Eidos shares will suspend on the London Stock Exchange at 5 p.m. local time on April 21, when shares will be delisted.

At 6 p.m. that evening, Eidos shareholders are to receive 32 pence in cash for each Eidos share. Eidos shares will be canceled at 8 a.m. on April 22.

In late March, over 85 percent of shareholders, representing 99.92 percent of shares, voted in favor of Square Enix’s $117 million takeover.

Square Enix made its bid official in February this year.

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Alan Rimkeit
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Tomb Raider RPG? I would be kidding if it were not so possible.

But really, I hope that they make the new Dues Ex super awesome like the first one. Come on SE, see the potential!

Andrew Clear
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Just in time for SE to make a killing off of the new Batman game.

John McMahon
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I wonder if this means any future Legacy of Kain games will be set on a Sony machine and both over board platforms.


Gary LaRochelle
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I seem to remember Eidos publishing Final Fantasy VII.

Alan Rimkeit
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"Gary LaRochelle

I seem to remember Eidos publishing Final Fantasy VII. "

They did. It was the PC version of FF VII Ultimate Edition. I still have it. :)

Bruno Dion
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Andre Thomas: "In fact I wouldn't be suprise if we end up seeing future Tomb Raider games being particially developed in Japan as a move to make it more appealing to japanese gamers."

So.... Lara Croft will now look 12. I'm not sure if I'll like the turn some Eidos games will take if SE does take a more hand-on approach.