Vote 2020 graphic
Everything you need to know about and expect during
the most important election of our lifetimes

Square Enix Trying To Buy Tomb Raider

Illustration for article titled Square Enix Trying To Buy Tomb Raider

Square Enix have just announced that an agreement has been reached with the board of Eidos, by which Square will purchase the creaky old British publisher for £84 million (USD$120 million).

Advertisement

That price represents, according to Square, a premium of 129% over Eidos' current market value. Meaning that, yes, in other words, they're paying more than what Eidos are worth.

Despite being agreed to by the men in expensive suits at both companies, for the deal to go through it has to be approved by 75% of Eidos' shareholders at the company's next meeting, which is due to take place early next month. Which it should, since the Eidos board are going to recommend shareholders sell up.

Advertisement

Oh Square. You look a little...desperate! Shifty delays, downward-looking finances and now paying over the board for the rights to Tomb Raider (driven into the ground), Hitman (gathering dust) and...Kane & Lynch? You're getting our common sense all Imperial Hot & bothered.

Full details on the announcement below if you're in need of bedtime reading.

Illustration for article titled Square Enix Trying To Buy Tomb Raider
Advertisement
Illustration for article titled Square Enix Trying To Buy Tomb Raider
Illustration for article titled Square Enix Trying To Buy Tomb Raider

Share This Story

Get our newsletter

DISCUSSION

Is this the fist time square enix makes idiotic decisions?

Crappy FFVII related games... Check.

Crappy Final Fantasy Movie... Check.

Crystal Chronicles REQUIRING GBA... Check. (which was a fine game but no controller option stank)

Final Fantasy XII... Check.