Published in Gaming

Square Enix buys more Eidos shares

by on26 February 2009

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Momentum grows for acquisition

As we told you previously, Square Enix has been busy trying to get a deal done for them to acquire Eidos; and it looks like the momentum for the acquisition is growing with Pioneer, Warner Brothers and Legal & General Investment Manager already behind the deal.

We are now hearing that Square Enix has purchased a significant number of outstanding Eidos shares ahead of the upcoming vote that will decide if the company will be acquired.

Square Enix is keen on acquiring Eidos to help expand both their presence and distribution in North American market space as well as to tap in to the valuable franchises that Eidos has to offer such as Hitman, Kane & Lynch, and, of course, Tomb Raider.

Last modified on 26 February 2009
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