NEWS

Time Warner Buys 10m Eidos Shares

Rob Crossley's picture

By Rob Crossley

December 15, 2008

See also:

Related Articles:

Time Warner has acquired another 10 million shares in Eidos (formerly SCi), pushing the firm’s slice of the publisher to some 20 percent.

Though Warner’s interest in acquiring Eidos shares will not come as a surprise, the actual number of additional shares the company has purchased may raise some eyebrows. Eidos had previously relaxed policy which prevented Warner to launch a takeover bid, and speculation is circling that multiple parties are wrangling to own the troubled publisher.

Warner’s newfound assets are far short of a controlling stake in the publisher, however, and another party is still able to walk away with a controlling stake.

4thVariety's picture

As if they gambled on the share price going up as soon as the real new buyer shows up. But looking at how the new Tomb Raider sold, or didn't sell, the question is why anybody would buy Eidos. Take2 had at least Rockstar.