Square Enix's take-over of Eidos imminent
Could be completed tomorrow
A British court has given its formal backing to Square Enix's proposed take-over of UK games firm Eidos Interactive.
The take-over will officially begin its completion tomorrow according to reports, with shares in Eidos de-listed today. Each Eidos shareholder will receive 32 pence per share.
The shares will officially be cancelled at 8am tomorrow morning, the Japanese publisher completing their take-over of the Tomb Raider maker.
The firm's move is part of a wider initiative by Square Enix to gain a stronger hold in Western markets, which seem to offer far more growth potential than Japan, which is struggling to sell next-gen systems, and whose developers are perceived to be somewhat behind.
More on this as we get it.
