http://www.gamesindustry.biz/articles/w ... -eidos-bidSquare Enix has revealed that it is the company behind the offer to buy UK publisher Eidos, first noted in the middle of last month, which could end the long-running saga of uncertainty that's surrounded the Tomb Raider house since late 2007.
The bid is valued at GBP 84.3 million, and the Eidos board of directors have agreed to recommend the offer to shareholders, which is worth 32 pence per share - a hefty hike on the company's stock price at the time of the bid, and since.
Overall it's a premium of 258 per cent over the price at the time the offer was made, January 14, and a premium of 91 per cent over the price average of the last three months.
The agreement involved the acquisition of Eidos by a Square Enix holding company, called SQEX Ltd, and the Final Fantasy publisher hopes that the deal will "reinforce the Square Enix Group's position as one of the world's leaders in interactive entertainment with a broad portfolio of market leading franchises," according to a statement.
That statement also notes the position of Warner Bros, which holds 20 per cent of the company, and was thought for a long time to be sizing up a bid of its own for Eidos.
"Warner Bros Entertainment Inc is contractually obliged under a Subscription Agreement with Eidos to provide an irrevocable undertaking in respect of 52,518,080 Eidos shares representing approximately 20 per cent of the existing issued share capital of Eidos," it read.
President of Square Enix, Yoichi Wada, said of the deal: "Eidos is a talented developer and publisher of interactive entertainment products with a broad portfolio of highly successful mass market franchises, led by Tomb Raider, one of the most successful videogame franchises of all time.
"Eidos maintains a strong reputation for high quality development and proven expertise in creating characters and storylines that appeal to consumers. Eidos' products are highly complementary to our business and will accelerate our aggressive expansion into Western markets.
"We believe that wide range of both companies' quality products encompassing major genres will enable us to meet diversified customers' expectations upon a global basis."
And Phil Rogers, CEO of Eidos, added: "Eidos has a strong portfolio of established franchises, with highly talented employees. Square Enix recognises this and sees Eidos as both complementary to their business as well as a valuable brand within videogames.
"We are one year into our new strategy and believe that the prospects for the further development of our strategy and the business as a part of Square Enix would offer an exciting opportunity for the Eidos Group."
More details on the offer are expected to be posted in early March, with the offer to be put to shareholders at an EGM.
Media giant Warner Bros, a 20 per cent stakeholder in Eidos, has agreed to put its share of the votes behind the Square Enix bid, according to a new release today by holding company SQEX.
Warner, which holds over 52.5 million shares in the UK publisher, now boosts the total number of shares behind the acquisition to around 96 million - including those covered by a letter of intent - which represents over 36 per cent of the issued share capital.
Warner does have the right, however, to change its mind if it, or another part of Time Warner, posts a higher offer, or if a third party posts a recommended higher offer, although that's likely to be a formality given the premium that Square Enix is offering.
Eidos shares were trading at 32.25 pence when trading opened on Monday.
C'est bien parti pour l'instant.
on a droit a quelques chiffres aussi :
FFIV DS: 1.08m (610k Japan, 290 NA, 180k EU)
Crisis Core: 1.96m (820k J, 660k NA, 480k EU)
FF Tactics A2: 0.65m (310k J, 220k NA, 120k EU)
DQIV: 1.45m (1.19m J, 110k NA, 150k EU)
Chrono Trigger: 710k (490k J, 220k NA)
Last Remnant: 490k (160k J, 190k NA, 140k EU)
Infinite Undiscovery: 440k (120k J, 200k NA, 100k EU, 20k Asia)
