Infogrames and Eidos

Despite protestations to the contrary, reports say Infogrames is closing in on a deal to buy Eidos. The Financial Times is reporting that Infogrames could close the deal in a matter of weeks, though contentious valuation and management issues could yet sink the buyout. Infogrames has reportedly offered an all-share package that values Eidos at up $1.06 billion. A combined Infogrames and Eidos would be Europe's biggest computer software publishing company, with annual turnover of more than $1.6 billion.