Eidos Interactive Sold
Elevation Partners LP is the winner. by Patrick Klepek
03/21/2005
There have been several investors interested in picking up Tomb Raider publisher Eidos Interactive, but to date, no agreement had been met. This afternoon, Reuters reports Eidos has accepted a 71 million pounds (approximately $134.5 million USD) cash offer from Elevation Partners LP, a US private equity company.
"The board firmly believes that shareholders' interests are best served by a sale of the company," said John van Kuffeler, chairman of the board of Eidos, in a statement.
Eidos was last in the news confirming plans to bring Lara Croft to the PSP and Xbox 2. Expect more announcements on the company's future in the coming weeks.
Interestingly, Paul David Hewson (a.k.a. Bono), lead singer of rock band U2, recently became a managing partner of Elevation Partners, which makes him part owner of Eidos. While unlikely Bono will be a part of the week-to-week meetings of Elevation Partners, "he will be kept apprised of things that they're working on, and as a member of the investment committee he'll vote on any potential investments with the rest of the team," said a source to the Venture Capital Journal.
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