If you played Tomb Raider Underworld, you know that the game begins with Lara’s big house being destroyed by a fire. You should not worry, however, Lara Croft will not become homeless – she will simply move to a new and hopefully better place: Square Enix has just announced that it purchased Eidos for about £84.3m (about $120 million).
The offer terms represent a premium of around 258% to the closing mid-market price of Eidos shares on the day before Eidos revealed it had received a bid approach: 32p in cash for each share (which is something, having in mind that Eidos’ shares closed at 14p last night).
“The acquisition of Eidos will complement Square Enix’s expansion into Western markets and offers mutually beneficial opportunities for the combined group,” said Eidos’s chairman, Tim Ryan.
It hasn’t been noted if any changes will take place, but that will surely happen during the following weeks. Until then, we can only wonder if Tomb Raider, Hitman, Deus Ex and Championship Manager will continue to exist. We see no reason for that not to happen.
Update: It appears that Eidos did not officially accept the bid, but Tim Ryan suggested shareholders to accept the offer. However, there are no doubts that the purchase will go through.