Square Enix Makes Big Bid For Eidos

The economy isn't going through the best of times right now, as more and more companies are posting lower profits and even losses and have already employed some pretty drastic layoffs or headcount reductions through their staffs.

But a lot of people say that the best deals happen when the prices are low. As such, it seems that Japanese developer and publisher Square Enix announced that it had made a pretty big bid for UK publisher Eidos Interactive. The offer, which consists of over 84 million pounds sterling or 120 million US dollars, is more than the company is actually worth.

While there has been a whole soap opera about the takeover of Eidos, as Square Enix did make a few negotiations, after Time Warner increased the number of shares it owned everything seemed to have been settled. This new offer still needs to be accepted by over 75 percent of Eidos stock holders and will be on their table at the beginning of next month when a meeting will take place.

This deal may be something of a godsend for Eidos executives, as the company hasn't been doing so well recently, with the low sales results of the latest iteration in the Tomb Raider franchise, Underworld, and the delay of the first of two DLC episodes. On the other hand, a lot of critics can't really understand why Square Enix would be interested in the UK publisher. There are some interesting franchises, like the aforementioned Tomb Raider, Hitman or Kane and Lynch, but all of them don't really have a big potential.

While the opinions may be mixed, Tomb Raider fans will surely be happy to hear such news. But until the stockholders approve the offer, we still need to wait.