Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
April 23, 2019
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Time Warner Buys 10 Million New Eidos Shares

Time Warner Buys 10 Million New Eidos Shares Exclusive

December 15, 2008 | By David Jenkins

December 15, 2008 | By David Jenkins
More: Console/PC, Exclusive

The likelihood of Time Warner acquiring British publisher Eidos Interactive appears to have increased, as the American media giant buys up another 10 million shares in the beleaguered company.

The last round of reports surrounding Eidos suggested that Japanese publisher Square Enix was interested in acquiring the Tomb Raider and Hitman publisher, and Eidos was also believed to be fielding offers from EA and Ubisoft.

But Time Warner has always appeared the most likely winner of the apparent bidding war, as it already owns a minority stake in Eidos. In 2006, Warner Bros. also signed a comprehensive distribution and licensing deal with the publisher, granting Eidos access to many of Time Warners biggest intellectual properties and allowing for upcoming titles such as Batman: Arkham Asylum.

The new acquisition sees Time Warner shares in Eidos pass the 19 percent milestone, for a total of 52.52 million. Eidos only recently amended a "standstill" agreement with Time Warner, which had prevented the company from acquiring additional stock. However, the amended agreement prohibits Time Warner from acquiring more than a 30 percent total share.

Although the move is highly suggestive of Time Warners intention to acquire at least a controlling share in Eidos, neither company, nor any of its other suitors, has been willing to comment on the specifics of any plans.

Related Jobs

Square Enix Co., Ltd.
Square Enix Co., Ltd. — Tokyo, Japan

Experienced Game Developer
XSEED Games — Torrance, California, United States

Community Coordinator
Giant Enemy Crab
Giant Enemy Crab — Seattle, Washington, United States

Gameplay Engineer
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States

Narrative Writer

Loading Comments

loader image