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Joystiq

Square Enix to buy out Eidos in May

by JC Fletcher on Mar 4th 2009 12:31PM

Eidos and Square Enix have agreed upon terms for the proposed buyout of Eidos's share capital by the Japanese publisher. Eidos shareholders are "expected to approve the deal" later this month, according to MCV, which suggests that a growing number have seen the light (where "the light" means "Square Enix's books").

Bad news for those of you planning to buy Eidos stock for a friend as a birthday present next month: Eidos will suspend trading of its shares on April 21, with its listings to be taken down the next day, in anticipation of this deal. The companies are planning to have a settlement in place by May 6, at which point we assume Eidos staff will use the sudden windfall to upgrade their weapons and armor.

Source

Tags: buyout, eidos, industry, square-enix, takeover

Reader Comments (26)

Weird.

That's what people said about EA, when they were known mainly for the sports titles they published and developed.

I wonder if we'll ever see another Legacy of Kain?

I would love that. LoK is just fantastic. It taught the writers of Lost the art of mindf*cking.

Whatever name iteration of they eventually come up with, I hope my favorite publisher from the 16 bit era gets represented with more than one letter.

May the Cloud Strife/Lara Croft love story commence!
Lara vs Yuna in a dual-gun Limit Break showdown in Dissidia 2!
JC Denton vs Squall...Tech vs Guardian Force!

I think Square's influence/take on some of the properties would be interesting. Legacy of Kain could use a hint of Square's magic. I would LOVE to see Square making using of their Unreal Engine license and cranking out a new Deus Ex (yes, I know 3 is coming). Give me Square's graphics expertise+unreal engine, throw in a little Parasite Eve (first one) weapon/level system, the best from Deus Ex (first one), you've got me sold.

Except Last Remnant kinda showed SE shouldn't really touch the Unreal Engine, at least for anything remotely RPG based.

Maybe they'll use the Unreal Engine to make a Tomb Raider game that has combat you can't sleep through. :P

Squeenixos?
Squidonis?
Squeenos?

Come on, we can all Square Enix Squeenix anymore... help me come up with a nickname that isn't a complete clusterfuck.

*can't call

We need an edit button.

Squeidix?

If we had an edit button then this site wouldn't be as fun! :P

Squenidox? That sounds like a fucking Pokemon!

Squeedos

How about just omitting Eidos from their name altogether? Let 'em know it's not that kind of takeover.

I know, it's not like they shoehorned Taito into their name.

It'll still be Square Enix. This isn't a merger (like Square & Enix, and Activision & Vivendi Games), but a buyout. Until the end of last year Eidos was just a brand for SCi who previously bought the company, and I expect Eidos to simply be a Square Enix brand for the company's Western games (e.g. those made by IOI and Eidos' other studios)

Actually, Square is dead. Enix is the "surviving partner." The company is called Square Enix and employs most of Square's old officers and employees because they're not stupid: Square's talent and name recognition is an asset; in fact it was the whole point of the acquisition. Same deal with Activision Blizzard.

You're right though, Eidos isn't really important enough to sit in a big-person's chair at the table. If there was something to be gained by making Eidos a title partner, they'd do it, but Tomb Raider doesn't have the clout that it used to.

Tomb Raider: The Diamond Materia

So, does Lara get to summon Ifrit, or just shoot it's gums off?

Correct me if I am wrong, but I think is a take-over not a merger. So Square-Enix would still be Square-Enix.

So does that mean the next Tomb Raider is going to use the Final Fantasy 13 game engine. That would be kind of cool, and they can put unlockable costumes like Lara Croft can dress up as Yuna from FFX, Tifa Lockhart from FFVII, or other type of possibility. Well because Square Enix got huge connection with Japanese animation and have their animation-CGI studio. There might be a chance that Hitman or Tomb Raider may get their own anime/CGI film.

At least now we can hope that the next Tomb Raider game won't have exclusive DLC like Underworld had.

So now the next tomb raider game will feature a male protagonist who will inexplicably be more feminine than lara

I wonder what EA would be called if they just merged together the names of all the studios they've eaten over the years..

Just change the whole damn name back to "Looking Glass Studios"

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Square Enix to buy out Eidos in May

Reader Comments (26)

Posted: Mar 4th 2009 12:42PM JoshMilewski said

Posted: Mar 4th 2009 12:55PM Mmmmz said

Posted: Mar 4th 2009 12:54PM (Unverified) said

Posted: Mar 4th 2009 3:10PM KarlW said

Posted: Mar 4th 2009 12:54PM Levi Partridge said

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Posted: Mar 4th 2009 3:02PM Batzarro The worlds WOrst Detect said

Posted: Mar 4th 2009 3:11PM KarlW said

Posted: Mar 4th 2009 1:24PM ph15h said

Posted: Mar 4th 2009 3:39PM Levi Partridge said

Posted: Mar 4th 2009 1:30PM (Unverified) said

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Posted: Mar 4th 2009 2:20PM (Unverified) said

Posted: Mar 4th 2009 3:06PM Batzarro The worlds WOrst Detect said

Posted: Mar 4th 2009 3:15PM (Unverified) said

Posted: Mar 4th 2009 3:44PM mdo7 said

Posted: Mar 4th 2009 7:09PM jocaju said

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Posted: Mar 5th 2009 9:52AM (Unverified) said

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