We haven’t commented on the whole Square Enix / Eidos saga for a while but suffice it to say that their £84 million bid back in February 2009 is going extremely well. Not only was it backed by the major shareholders such as Time Warner who owns 20% of Eidos but other major parties have also backed the purchase.
According to MCV The £84 million bid offers Eidos shareholders a premium of 129% on their current market value which in this climate would be hard to reject. In fact according to MCV sources Eidos has further agreed to buyout terms from Square Enix which could see the British publisher transfer full ownership rights as early as May 2009.
Square Enix and Eidos
Although the deal still needs official approval at the Eidos EGM, Square Enix holds a strong backing from over 45% of the major shareholders which means it is highly unlikely that the plans would be rejected.
We’ll keep you updated on any further updates at KHPlanet, but this is one acquisition that will truly help Square Enix gain a strong foothold in the highly lucrative western gaming market. Also discuss the possibility of Square Enix buying Eidos in our forums, at Kingdom Hearts Forums.