Chris Winkler
Square Enix Completes Eidos Takeover
And sees bright future for Tomb Raider makers.
04.23.09 - 2:02 PM

At a press conference held in Tokyo's Royal Park Hotel, Square Enix management announced that it has completed its takeover of British third party publisher Eidos. Like Taito, Eidos has become a wholly-owned subsidiary of Square Enix Holdings. The acquisition of the Tomb Raider makers cost 12.1 billion yen ($123.20 million USD).

After reiterating his stance that Square Enix has to become a globally successful company, Square Enix president Youichi Wada talked about his plans for the new subsidiary. While necessary restructuring was progressing and good games were produced, Eidos was suffering from mediocre sales and management issues. Close cooperation between Eidos and Square Enix and leveraging the entire group' strengths would translate into stronger sales performances, though. Wada has particularly high hopes for the Tomb Raider, Kane&Lynch and Deus Ex franchises. The Square Enix president also envisions technology sharing between the Final Fantasy makers and their new subsidiary.

Following the acquisition, the Square Enix group boasts almost 4,000 employees and an annual revenue of 164.6 billion yen ($1.68 billion US).


Featured Content
Undertale Review
Retro Encounter 5-2: Terranigma
Retro Encounter Episode 5-2: Terranigma
80 Days Review
80 Days
Omega Quintet Review
Omega Quintet
Vic Mignogna Interview
Vic Mignogna
Persona 4: Dancing All Night Review
Persona 4: Dancing All Night
Random Encounter 99.8: Tokyo Greatness
Random Encounter Episode 99.8
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Random on iTunes
Rhythm Encounter
Rhythm on iTunes