Publisher lays out timeline for completion of Square Enix acquisition, expects to be wholly owned by Japanese RPG maker as of April 22.
Call the caterers, because Eidos and Square Enix have set their wedding date. Eidos today released a planned schedule for its acquisition by the role-playing game publisher, and the union is set to be consummated on April 22.
As with any wedding, there's plenty to be done before the big day. Eidos has a meeting set for March 27 at which shareholders must approve a variety of resolutions related to the acquisition. If that goes forward as expected, on April 21, all listing and dealing of Eidos shares will be suspended, and on April 22, the company will become a wholly owned subsidiary of Square Enix.
The Japanese publisher's offer of £84.3 million ($120 million) has been unanimously recommended to Eidos shareholders by the firm's board. That total represents an offer of 32 pence ($0.46) per share, which is more than triple the company's value when the initial approach was made.
The deal is particularly enticing for Square Enix, because the Japanese publisher is making a concerted effort to increase its success in North America and Europe. While Final Fantasy is a heavy-hitting franchise around the world, Square Enix has traditionally lacked broadly appealing action games like Eidos' Tomb Raider and Hitman franchises. Previously, Square Enix attempted to acquire Ninja Gaiden publisher Tecmo, only to find its advances rebuffed in favor of a union with Dynasty Warriors publisher Koei.
let't not forget about Deus Ex 3... it was (in a way) an RPG to begin with but i wasn't impressed with the story line of the second one.. the first Deus blew my mind, it was extremely deep.. so maby by joining with a company known for deep story lines could help out the Deus Ex series.. who knows?? deffinatly gonna agree with everyone who's said this so far: what about Hitman 5? i really didn't want that series to end...
RPG out of Hitman... What the hell... Here was me just thinking they needed to work more on a proper proffesional career mode where you get more than a certain amount of jobs and work more on a realistic physic system god people like ruining franchises dont they?..
HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5 HITMAN 5
"Lara Croft: Master of Unnecessary Gymnastics" lol. sometimes when you just walk around with her she just can't stop moving, it so annoying.
@xenoxion I totally agree Xenoxion. The asian gaming industry are making MMOs out of everything! Bullfrog's (the old Lionhead studios) Dungeon Keeper was bought by an Asian MMO company. They're making a great universe into some crap MMO... Damn you, sucky MMO creators! The worst part is that it's only for countries in Asia.
Nowadays anything can happen. Maybe we'll see Lara Croft seeking some artifacts in the world of Kingdom Hearts soon.
its like saw series merging with hannah motanna!!! noooooooO!!! it;ll be rubbish!!!!!!! although seeing hannah being chopped up sounds good!
I knew this was going to happen, cause the RPG world is changing from the old school get into random encounters, and stand on one side waiting to attack thing. It all about up and close action and fighting like Kingdom Hearts or Castlevaina. I just hope this merge doesn't turn into another SE vs Nintendo war again, which we all so well remember was classic :D.
How did this happen?! It only the other day when Tomb Radier 1 came out on the ps1 with a Eidos logo on, now Eidos is in a merger?! Since the Jaguar died I aint been able to keep track of anything. Lol!
Lara Croft: Master of Unnecessary Gymnastics. lool that made my day =) I want to play Dissidia and Agito on my PSP!!!!!!!
Oh no! here come the multitude of mind numbing Turn Based affairs, i can see it now, Imagine Lara Croft not having enough AP to perform a backflip etc.... or hitman coming face to face with a rat only to be outdone due to him only having 3 HP left. lol
I doubt Square will change anything... they just want Eidos for the money lol... today Eidos... tomorro the world
It will probabley still be hitman 5, but you'll have to level up, cast spells and summon weird Japanesse dragons.
If edios sells its right,Hitman as we know it will change for ever... For better or for worse...? We shall see...
square is looking for action adventure dev so they can make more games and own more ips of that genre , try to make more action rpgs , as long as it is to improve the games im good with it , better games who doesnt want that!!!
I'm not sure it's such a great idea when a company tries and expands beyond its expertise. An RPG company trying to produce action games? More likely to lower the quality of those franchise imho.
I hope Square Enix will help bring Deus Ex 3 back to the amazing RPG/FPS mix of the original. Deus Ex: IW was great, but it lacked the near-perfect fusion of RPG and FPS elements that made the original so great. It was mostly an FPS. Hopefully the RPG giants will help correct the problem if it hasn't already been mulled over by Eidos. Just as long as they don't turn it into some turn-based crap. (Or turn-based Hitman game! :P)
I love Square's Kingdom Hearts and Final Fantasy, but boy they better keep their paws off Hitman, Tomb Raider, and the like...
i just hope and wish that square enix, can make more great outstanding games and able to improve games by 80% like hitman, kane and lynch, tomb raider. i do also however hope that square enix can make more Tomb Raider and Hitman franchises.and I'm looking forward to hitman 5 , i really do. But no news as of late !
[quote]Icehearted - Eidos is only going to be a subsidiary of Square, the development teams at Eidos are not being layed off, so don't expect much to change, the main difference will be a Square Enix logo on the front of the next Tomb Raider...[/quote] I hope you're right, but to be honest I've seen how things like this turn out. EA has, for example, proven this. They thought people in the US wanted sports games, and that's a large part of why Ultima 8 was such a disaster. A company that specializes in RPGs might not see why leaving "RP style" elements out of TR or Hitman is a good idea, so for all we know S.E.E. will press for certain "tweaks", and Tomb Raider will require grinding and leveling up or some other garbage of that nature. I still can't see how this bodes well.
All this merging and buying out is scaring me a little. I hope this doesn't effect gaming negatively in the long run.
never understand why Nintendo does not buy more western devs and publishers as they have mountain of cash and it would boost there non Japanese content area greatly. In the future I see the need for even Nintendo to increase diversity in terms of where there products are made.
FOR THE LOVE OF ALL THAT IS HOLY AND GOOD (well, i mostly like the good production, etc, honest) IN VIDEO GAMES, FEAR EFFECT. MMOOOAAARRR
Hopefully they will continue on with the Legacy of Kain Series, I personally want to see another game in the making with Defiance leaving everyone at a cliffhanger or a badending if you want to call it that
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