Square Enix now own 11% of Eidos
By Steven Perdikis - Wed Feb 25, 2009 9:28am
Today, Square Enix now holds an 11.13% stake in Eidos, which it purchased from two major stakeholders in the company - Pioneer Investment Management Ltd., and Insight Investment Management, who sold Square Enix a combined total of 29,349,341 shares at 32 pence each - making the deal worth £9,391,789 (approximately AUD$21 million).
Square Enix do not intent to stop there, with another 84,947,489 shares to be purchased in the near future, which will give the company a 32.23% stake in Eidos. In addition, the company has a "letter of intent", regarding the sale of another 8,919,628 shares, which when sold, would give Square Enix a 35.61% stake in the company.
If Square Enix then find some more share holders willing to part with their Eidos investment, the company would be well on its way to acquiring its first non-Japanese studio in a bid to broaden its appeal to a western demographic.
Square Enix is currently working on a number of titles, including Final Fantasy XIII. They are also currently working with Gas Powered Games on a sequel to Supreme Commander.
