1 min read

Square Enix, Eidos Agree On Buyout Timeline

Tomb Raider publisher Eidos may see its $117 million acquisition by Japanese publisher Square Enix up to vote by March 25 -- with full ownership handed over as soon as May 6.
Tomb Raider publisher Eidos released a timeline to its shareholders that outlines a schedule for its $117 million acquisition by Japanese publisher Square Enix. According to the schedule, shareholders will vote on March 25th. If all goes as planned, Square Enix will take full ownership of the UK-based Tomb Raider publisher by May 6. Time Warner, which owns 20 percent of Eidos, is contractually obligated to allow the deal unless it were to make an offer of its own. It must accept the Eidos' Board of Directors' recommendation to its shareholders that they take the deal. Eidos' share value has seen a steady decline in recent years as the company's debts slowly mounted. Most recently, the company posted lackluster sales of Underworld, the latest title in its seminal Tomb Raider franchise, and reduced its profit outlook for the year. As for Square Enix, the powerful Japanese Final Fantasy and Dragon Quest house has been in strong pursuit of Western footholds over the past year or so as it confronts declining market share for Japanese-developed games in the Western market.

Latest Jobs


Lakewood, Colorado
Release Manager


Remote OR Amsterdam, Netherlands
Network Programmer

McKinney, Texas
Associate Game Producer

Remedy Entertainment

Helsinki Metropolitan Area, Finland
Rigging Artist
More Jobs   


Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter


Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Follow us


Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more