Square Enix Acquires Eidos

It's been a long time coming, but MCV reports that Square Enix's acquisition of Eidos has finally been made official. The board has agreed to the takeover, and the transition will be made formal in a few weeks. Sources claim that Square will let Eidos continue to operate out of London and maintain its independence as a developer. The steps are going according to a joint plan from the companies released earlier this month, and the board's approval makes it that much closer to reality. 

Eidos has been financially struggling for some time, and the downturn of the economy certainly hasn't helped. A hand from Square Enix has been welcome, and the Japanese publisher benefits from the deal as well. While Square is generally seen as an RPG house, acquiring the likes of Western franchises like Tomb Raider and Hitman will expand their catalog of titles.