Square Enix have revealed they are the ones who have made an offer to buy troubled UK publisher Eidos. The bid is valued at £84.3 million (€93.2 million), an astounding 258 per cent over the stock price at the time of the offer (January 14) and an equally impressive 91 per cent over the average stock price in the last three months. Eidos owns several studios throughout the world such as Danish IO Interactive, American Crystal Dynamics and the recently opened Eidos Montreal studios that are working on Deus Ex 3. The Eidos board has recommended the share holders to accept the Square Enix bid. When it was revealed that a bid had been made most thought it was Warner Bros (who own 20 per cent of Eidos) who were behind the offer, but it now seems Square Enix are best positioned to capture Lara Croft.
Square Enix have been attempting to strengthen their position in the Western markets and broaden their portfolio and the proposed buyout of Eidos is part of this effort.