Time Warner Entertainment has stepped out from the cacophonous acquisition noise surrounding Eidos by purchasing 10 million shares in the company. Reuters reports that Warner now holds about 20% of Eidos' stock.
Rumors regarding Time Warner's intent to purchase the struggling publisher have been swirling for months with everyone from EA to Ubisoft listed as potential suitors. With all the names in the story, it appears Take-Two is the only major publisher not mentioned in recent reports as being interested in purchasing Eidos and controlling its many notable franchises.
Note: Time Warner owns AOL, which owns us. So, if Eidos gets purchased by TW, they'll be our distant third-cousin, twice removed ... who was adopted ... as an adult.
Reader Comments (10)
Posted: Dec 15th 2008 12:43PM (Unverified) said
So that means...Justin's in-game sidekick will be Alison Carroll?...
You aren't my favorite blogger anymo! >:(
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You aren't my favorite blogger anymo! >:(
Posted: Dec 15th 2008 12:01PM baby sea tuna said
"Note: Time Warner owns AOL, which owns us. So, if Eidos gets purchased by TW, they'll be our distant third-cousin, twice removed ... who was adopted as an adult."
So that'll make Joystiq sort of like that Will Ferrell/John C. Reilly movie...except, you know, funny.
Reply
So that'll make Joystiq sort of like that Will Ferrell/John C. Reilly movie...except, you know, funny.
Posted: Dec 15th 2008 12:54PM (Unverified) said
hmmmmmmm....
Wonder if this is a smart move.........
maybe they should have waited another month or so.......they might have been able to get a 60% stake for the same price as they did the %20 stake........
Reply
Wonder if this is a smart move.........
maybe they should have waited another month or so.......they might have been able to get a 60% stake for the same price as they did the %20 stake........
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