Square Enix to buy Eidos

A Japanese computer games maker has agreed to buy Eidos, the UK company behind the Tomb Raider and Championship Manager games, for £84.3m ($120m).

Square Enix said it would pay 32 pence a share in cash for Eidos, which has been hit by weak US sales of its latest edition of Tomb Raider.

Eidos shares more than doubled in value in early trading, to 31 pence.

The company said last month that it had received an informal takeover approach from an unnamed bidder.

US media giant Time Warner owns 20% of Eidos and had been tipped as a potential bidder.

Square Enix, known for its Dragon Quest and Final Fantasy video games, wants to extend its reach in Europe.

"Eidos's products are highly complementary to our business and will accelerate our aggressive expansion into Western markets," said Square Enix president Yoichi Wada.

Wow, that was pretty out of the blue!
I loved legends, I'm about to try the demo to underworld, but with all the advertising put into it, I can't actually see why the sales would decline. Well, Lets hope square show some more promise with Eidos on the next Tomb Raider

Edios to my knowledge only publish, nto develop tomb raider?but cool.

means we can hope for a new Dues Ex, and legacy of kain :3

Crystal Dynamics develop Tomb Raider. Underworld is a great game but is sadly filled with small glitches and bugs that really ruins what is otherwise a top game.

The marketing for TRU was great and much better than most games of 2008. I just think they released it at the wrong time when all the big names were coming out.

Hopefully Square-Enix can inject some life into the company and get it back up to the standards it once was at.

Eidos also own Hitman so maybe we\'ll see another one of those soon.

( Edited 12.02.2009 19:22 by wAyNe - sTaRT )

Echoes can you give source please. Great news if anyone can sort Eidos its Square Enix.

( Edited 12.02.2009 19:43 by Birdo Is A Tranny )

I read this on the BBC website earlier, maybe SE can make a Tomb Raider game that'll suit my taste.

Birdo Is A Tranny said:
Echoes can you give source please. Great news if anyone can sort Eidos its Square Enix.

L said:
I read this on the BBC website earlier, maybe SE can make a Tomb Raider game that'll suit my taste.

You do know lara's tits where an accident? The devs where messing around and forgot to change it back to normal before they sent it to the publishers, and it got retailed that way. Low and behold, Epic Boobs!

Echoes221 said:

Birdo Is A Tranny said:
Echoes can you give source please. Great news if anyone can sort Eidos its Square Enix.

Source is here I already posted up the whole thing the news thread posted up.

L said:
I read this on the BBC website earlier, maybe SE can make a Tomb Raider game that'll suit my taste.

You do know lara's tits where an accident? The devs where messing around and forgot to change it back to normal before they sent it to the publishers, and it got retailed that way. Low and behold, Epic Boobs!

Like tifas etc. Conveniently every large breasted game girl is an 'accident'

Tifa's weren't an accident, Nomura just sucks at character design.

SuperLink said:
Tifa's weren't an accident, Nomura just sucks at character design.

Shame on you. Don't blaspheme to the holy game.

I love FFVII, Nomura just sucks at character design.

I do like Tifa though. She's a pretty cool guy, and surprisingly lacking the belts and zips department.