Asset Management Firm Schroders Takes 20% Stake in U.K. Games Firm Eidos

Authored by Mark Hefflinger on December 12, 2003 - 5:15am.

London -- Asset management firm Schroders has purchased a 19.1% stake in U.K.-based video game developer Eidos, GamesIndustry.biz reported. The investment, valued at around $61 million, makes Schroders the single largest shareholder in the company, with more than ten times the share of Eidos creative director Ian Livingstone. Eidos is responsible for creating game franchises including "Lara Croft Tomb Raider," "Hitman" and "Deus Ex." "If [Schroders] have made an investment of this size, they must think it is a good industry to be in, and if you adopt that view, then within the U.K. Eidos is one of the best ways to be involved in the games sector," analyst firm Novell Consultancy's Nicholas Lovell told GamesIndustry.biz. http://www.gamesindustry.biz/content_page.php?section_name=pub&aid=2699= http://www.eidos.com