Time Warner Entertainment Limited, has told Square Enix that it won't block the latter's acquisition bid for Tomb Raider maker, Eidos (formerly, SCi). Warners holds 19.92% of the available shares in Eidos.
There are three caveats: firstly that Warners can withdraw its support if the full bid offer is not posted within 28 days. Secondly, if for some reason the bid is withdrawn. Thirdly, and more interestingly, if a member of the Time Warner group (such as Warner Brothers Entertainment) or a third-party announces a higher bid.
Square confirmed its bid for the UK-based publisher last week, having been in motion since December.
There are three caveats: firstly that Warners can withdraw its support if the full bid offer is not posted within 28 days. Secondly, if for some reason the bid is withdrawn. Thirdly, and more interestingly, if a member of the Time Warner group (such as Warner Brothers Entertainment) or a third-party announces a higher bid.
Square confirmed its bid for the UK-based publisher last week, having been in motion since December.
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