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Forums - Gaming - Square-Enix officially takes over Eidos

noname2200 on 27 March 2009

http://www.gamesindustry.biz/articles/square-takeover-of-eidos-given-green-light

Square takeover of Eidos given green light

One of the last UK publishing houses will come under foreign ownership next month as shareholders in Eidos voted with an overwhelming majority to accept the bid by Square Enix.

The Final Fantasy publisher, which offered 32 pence per share in February under the SQEX holding company, will gain control of Eidos and its constituent parts after the publisher's shares are delisted, which is estimated to happen in late April.

At a court meeting over 85 per cent of the shares held in the company were represented in votes cast to accept the bid, and at the subsequent EGM the motion required to implement the acquisition was also approved.

Among the properties that Square Enix will take control of are the Tomb Raider, Hitman and Championship Manager franchises, although there's no word as yet on what changes the new owners will make to the company's structure.

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Munkeh111 on 27 March 2009

I can't remember the last time that I got excited about an Eidos game



ShadowSoldier on 27 March 2009

Oh god Eidos will be making RPGs



Black Women Are The Most Beautiful Women On The Planet.

"In video game terms, RPGs are games that involve a form of separate battles taking place with a specialized battle system and the use of a system that increases your power through a form of points.

Sure, what you say is the definition, but the connotation of RPGs is what they are in video games." - dtewi

Rei on 27 March 2009

Good deal I think it is. I hope despite the economy SE has enough money to fund series like Thief, Hitman and Legacy of Kain.



noname2200 on 27 March 2009
ShadowSoldier said:
Oh god Eidos will be making RPGs

In all seriousness, I expect Squeenix to take the same strategy towards Eidos that they did towards Taito, i.e. give 'em some more cash and let 'em loose to do their thing.

 

But even if I'm wrong, I think you boys are missing the big picture here:

Lara vs. Tifa Beach Volleyball : Battle of the Back Strain

 



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Veder Juda on 27 March 2009
Munkeh111 said:
I can't remember the last time that I got excited about an Eidos game

 

Maybe they never made any, but they did publish the PC versions of FFVII and FFVIII (EU only) for Square.



Veder Juda is hand crafted from EPIC FAIL, and is a 96% certified Looney; the other 4% is a work in progress.

Star Scream on 27 March 2009

Total waste of money, IMHO.



Rei on 27 March 2009
Star Scream said:
Total waste of money, IMHO.

 

 Care to explain why?



Star Scream on 27 March 2009
Rei said:
Star Scream said:
Total waste of money, IMHO.

 

 Care to explain why?

 

Sure. Eidos' main franchises are nowhere near as big as they used to be, especially Tomb Raider and Championship Manager. Best developers left the company a long time ago. Eidos themselves have a mediocre reputation. I think that about wraps it up.



Rei on 27 March 2009
Star Scream said:
Rei said:
Star Scream said:
Total waste of money, IMHO.

 

 Care to explain why?

 

Sure. Eidos' main franchises are nowhere near as big as they used to be, especially Tomb Raider and Championship Manager. Best developers left the company a long time ago. Eidos themselves have a mediocre reputation. I think that about wraps it up.

I see. Tomb Raider and other Eidos franchises have indeed lost their popularity. However, they still have this western appeal Square games lack, and still sell more than any non KH-FF related SE game does in the West. Eidos are also masters of multiplatform development, and that's exactly where Square fails at.

   To me it seems like a good deal. I dont think Eidos are anything big or important nowadays, but they have worthy IPs and for a company like Square (which shows very medicore results in the West this gen) it's a very smart move to buy them.