Square Enix’s Eidos Bid Backed by Warner
February 16th, 2009
Time Warner, a key Eidos stakeholder, has backed the recent acquisition bid from Japanese giant Square Enix.
Last week it was discovered that Square Enix had recently closed in on the struggling UK publisher and launched a generous takeover offer at 32p/share. That acquisition now has the backing of Time Warner and its 20 percent slice of the company.