Square-Enix moves closer to Eidos buyout

We recently reported of Square-Enix’ attempt to buy out gaming publishers Eidos a few weeks ago. Today it has emerged that Square-Enix are getting closer to securing that deal as they have already bought a significant number of shares.

The latest news which has been reported over at GamesIndustry.biz indicate that Square-Enix have secured 11.13 per cent of the issued share capital from Insight Investment Management and Pioneer Investment Management at the price of 32 pence per share.

It looks as if Square-Enix are going to be successful in this takeover bid as they try to improve its business aspects in the western part of the world. Check out the full article above for more info, we’ll keep you updated on events as they progress.