Eidos to be Squared by May

By Brendan Sinclair, GameSpotPosted Mar 4, 2009 1:44 pm PT

Publisher lays out timeline for completion of Square Enix acquisition, expects to be wholly owned by Japanese RPG maker as of April 22.

Call the caterers, because Eidos and Square Enix have set their wedding date. Eidos today released a planned schedule for its acquisition by the role-playing game publisher, and the union is set to be consummated on April 22.

Lara Croft: Master of Unnecessary Gymnastics.

As with any wedding, there's plenty to be done before the big day. Eidos has a meeting set for March 27 at which shareholders must approve a variety of resolutions related to the acquisition. If that goes forward as expected, on April 21, all listing and dealing of Eidos shares will be suspended, and on April 22, the company will become a wholly owned subsidiary of Square Enix.

The Japanese publisher's offer of £84.3 million ($120 million) has been unanimously recommended to Eidos shareholders by the firm's board. That total represents an offer of 32 pence ($0.46) per share, which is more than triple the company's value when the initial approach was made.

The deal is particularly enticing for Square Enix, because the Japanese publisher is making a concerted effort to increase its success in North America and Europe. While Final Fantasy is a heavy-hitting franchise around the world, Square Enix has traditionally lacked broadly appealing action games like Eidos' Tomb Raider and Hitman franchises. Previously, Square Enix attempted to acquire Ninja Gaiden publisher Tecmo, only to find its advances rebuffed in favor of a union with Dynasty Warriors publisher Koei.

170 Comments

  • whitemute

    Posted Aug 16, 2009 7:35 pm PT

    Add Laura Croft to Dissidia!!! jk

  • juancarlos1593

    Posted Jun 2, 2009 3:52 pm PT

    I like to see if square-enix come with a Legaia game,because last time Eidos was the publisher

  • toad84

    Posted May 17, 2009 11:32 am PT

    HITMAN

  • toad84

    Posted May 17, 2009 11:32 am PT

    HITMAN

  • burnsound

    Posted May 2, 2009 11:11 am PT

    Did Eidos just come to Warren Specter?

  • MatrixtheNEO

    Posted May 2, 2009 1:05 am PT

    I want to assassinate people make the hitman 5 already

  • Antisma08

    Posted May 1, 2009 9:23 pm PT

    let't not forget about Deus Ex 3... it was (in a way) an RPG to begin with but i wasn't impressed with the story line of the second one.. the first Deus blew my mind, it was extremely deep.. so maby by joining with a company known for deep story lines could help out the Deus Ex series.. who knows?? deffinatly gonna agree with everyone who's said this so far:
    what about Hitman 5? i really didn't want that series to end...

  • athenian29

    Posted Apr 12, 2009 9:12 am PT

    As long as they keep all of the Eidos franchises up and running, only good can come from this.

  • Alan_Wake_x

    Posted Apr 11, 2009 7:02 pm PT

    Where is Hitman 5?

  • Keitha313

    Posted Apr 10, 2009 10:53 am PT

    RPG out of Hitman... What the hell... Here was me just thinking they needed to work more on a proper proffesional career mode where you get more than a certain amount of jobs and work more on a realistic physic system god people like ruining franchises dont they?..

  • samfisherelitec

    Posted Apr 7, 2009 12:47 am PT

    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5
    HITMAN 5

  • 0mri

    Posted Apr 5, 2009 5:15 pm PT

    "Lara Croft: Master of Unnecessary Gymnastics"

    lol.
    sometimes when you just walk around with her she just can't stop moving, it so annoying.

  • h2k47

    Posted Mar 30, 2009 7:25 pm PT

    does that influence IOI and the creation of Hitman 5?

  • Itakel

    Posted Mar 24, 2009 2:58 pm PT

    what happen if Lara croft would appear in FF ? It's so fun.

  • Killingspree303

    Posted Mar 18, 2009 11:44 am PT

    @xenoxion

    I totally agree Xenoxion. The asian gaming industry are making MMOs out of everything! Bullfrog's (the old Lionhead studios) Dungeon Keeper was bought by an Asian MMO company. They're making a great universe into some crap MMO... Damn you, sucky MMO creators! The worst part is that it's only for countries in Asia.

  • bubbaboo1

    Posted Mar 13, 2009 4:42 pm PT

    i guess a kain rpg will be kidda good

  • Xenoxion

    Posted Mar 12, 2009 11:58 pm PT

    I really don't hope that they change Tomb Raider or Hitman into some new suck RPG

  • Dragonstrike

    Posted Mar 12, 2009 3:09 am PT

    Nowadays anything can happen. Maybe we'll see Lara Croft seeking some artifacts in the world of Kingdom Hearts soon.

  • big-boss-91

    Posted Mar 11, 2009 10:10 am PT

    its like saw series merging with hannah motanna!!! noooooooO!!! it;ll be rubbish!!!!!!! although seeing hannah being chopped up sounds good!

  • FinalDuo1886

    Posted Mar 10, 2009 3:52 pm PT

    I knew this was going to happen, cause the RPG world is changing from the old school get into random encounters, and stand on one side waiting to attack thing. It all about up and close action and fighting like Kingdom Hearts or Castlevaina. I just hope this merge doesn't turn into another SE vs Nintendo war again, which we all so well remember was classic .

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