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Tuesday, March 22, 2005
Eidos Sold
10:29 AM | Eddie Park | Comment on this story

In a bit of financial news that probably comes as no surprise to gamers, Eidos has accepted a buyout bid. According to an article at Reuters UK, the company making the winning bid, a U.S. company known as Elevation Partners LP, has made the accepted offer of 71 million pounds cash.

"The board firmly believes that shareholders' interests are best served by a sale of the company," John van Kuffeler, chairman of the board of Eidos, said in a statement.
As those who watch the market are probably aware, Eidos' shares and revenue have been suffering as of late, and major game sites were carrying articles of Eidos' financial fall.

Best known for its Tomb Raider, Deus Ex, and Thief series of titles, it's unclear what plans Elevation has for Eidos at the moment, though it should be noted that Eidos has several titles in its lineup for release, not to mention the recently released Project: Snowblind, which has received favorable reviews in the gaming community.

Reuters UK - Eidos accepts Elevation bid

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