Dec 15 2008
Time Warner buys 10 million Eidos shares, holds 20% of stock
From joystiq.com (via reuters.com):
Time Warner Entertainment has stepped out from the cacophonous acquisition noise surrounding Eidos by purchasing 10 million shares in the company. Reuters reports that Warner now holds about 20% of Eidos’ stock.
Rumors regarding Time Warner’s intent to purchase the struggling publisher have been swirling for months with everyone from EA to Ubisoft listed as potential suitors. With all the names in the story, it appears Take-Two is the only major publisher not mentioned in recent reports as being interested in purchasing Eidos and controlling its many notable franchises.
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