Time Warner Increases Stake in Game Publisher Eidos

Authored by Mark Hefflinger on December 15, 2008 - 9:38am.

London - Eidos, the game publisher responsible for franchises including "Tomb Raider," said on Monday that Time Warner Entertainment (NYSE: TWX) has purchased an additional 10 million shares of the company, bringing its total holding to 19.9% of Eidos, Reuters reported.

The move prompted speculation in several media outlets that Time Warner is gearing up to acquire the company.

Along with Time Warner, other prospective suitors of Eidos have been rumored to include Electronic Arts, Ubisoft and Square Enix.

 

Related Links:
http://www.reuters.com/article/technologyNews/idUSTRE4BE28V20081215

http://www.gamasutra.com/php-bin/news_index.php?story=21520

http://snipurl.com/8apod (PaidContent)

http://www.eidos.com

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