Activision buyout of Eidos resurfaces
Perhaps this will bump Eidos’ shares every six months from now on?
Lara on the lookout for a bloke from Activision with a sackful of money
Further speculation that Activision is poised to buy UK-based Eidos has surfaced overnight, following Activision freeing up a large quantity of cash, $500 million to be precise.
Such a large amount of fluid securities at a company often spells something fairly major in the offing, so this time the gossip carries a little more weight than the last time. You may recall similar speculation emerged earlier this year.
Interestingly, Eidos is as buoyant as ever at present, with both Hitman 2 and TimeSplitters 2 selling well and receiving critical acclaim. Eidos has even been able to let its two key franchises, Tomb Raider and Championship Manager, slip until next year without suffering consequences too dire.
Other talk has pointed towards a US buyout, perhaps of Midway, Take 2, THQ or Acclaim.
Eidos shares rose by 9p on the back of this talk, bringing a wide smile to the face of its founder Ian Livingstone.
Such a large amount of fluid securities at a company often spells something fairly major in the offing, so this time the gossip carries a little more weight than the last time. You may recall similar speculation emerged earlier this year.
Interestingly, Eidos is as buoyant as ever at present, with both Hitman 2 and TimeSplitters 2 selling well and receiving critical acclaim. Eidos has even been able to let its two key franchises, Tomb Raider and Championship Manager, slip until next year without suffering consequences too dire.
Other talk has pointed towards a US buyout, perhaps of Midway, Take 2, THQ or Acclaim.
Eidos shares rose by 9p on the back of this talk, bringing a wide smile to the face of its founder Ian Livingstone.
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