all of this totally stolen from Kotaku
Square Enix have just announced that an agreement has been reached with the board of Eidos, by which Square will purchase the creaky old British publisher for £84 million (USD$120 million).
That price represents, according to Square, a premium of 129% over Eidos' current market value. Meaning that, yes, in other words, they're paying more than what Eidos are worth.
Despite being agreed to by the men in expensive suits at both companies, for the deal to go through it has to be approved by 75% of Eidos' shareholders at the company's next meeting, which is due to take place early next month. Which it should, since the Eidos board are going to recommend shareholders sell up.
Oh Square. You look desperate. Shifty delays, downward-looking finances and now paying over the board for the rights to Tomb Raider (driven into the ground), Hitman (gathering dust) and...Kane & Lynch? You're getting our common sense all Imperial Hot & bothered.
Full details on the announcement below if you're in need of bedtime reading
Kotaku also have the official announcement,suppose it could all still go belly up..but i can't see Eidos or its shareholders not selling up,they should be quite thankful i think for the interest from SE..Eidos,really only have Tomb Raider at the moment
being British myself,i am quite sad to see Eidos go,the country isnt in the best of states at the moment,indeed is the world...BUT,i think if Eidos has to be sold off,i think i am quite happy that Square Enix are the ones buying,SE/Squaresoft have been a favourite of mine for quite some time,prolly since playing that game that the above screenshot comes from....anyway,in short Metallicorphan approves that it is Squeenix
....and i am both suprised and relieved that the mighty EA havent passed their dark shadow over Eidos