Square Enixs buyout of Eidos draws closer

The

seemingly inevitable buyout of Eidos

by Japanese RPG developer and publisher Square Enix has come a step closer with the news that it has now acquired 11 per cent of Eidos’ shares.

In addition, Square Enix has also made public its intentions to buy a further three per cent of Eidos’ shares shortly.

A statement reads: The board of Square Enix is pleased to announce that it has acquired 2,000,000 Eidos shares from Insight Investment Management and 27,349,341 Eidos shares from Pioneer Investment Management, representing in aggregate approximately 11.13 per cent of the issued share capital of Eidos, at a price of 32 pence per Eidos share.”