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Eidos Shareholders Recommend Square Enix Takeover

Eidos Shareholders Recommend Square Enix Takeover

March 27, 2009 | By David Jenkins

March 27, 2009 | By David Jenkins
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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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