Eidos –Square Enix Deal Explained

Eidos has confirmed it will continue to run as an independent operation, following its deal with Square Enix. The Japanese publisher – best known in the west for the Final Fantasy series – acquired Eidos last week in a deal reportedly worth £84m GBP.Today it was announced that Eidos CEO, Phil Rogers, will continue in the role, “reporting directly” to Square Enix president and CEO Yoichi Wada. The UK-based company will also retain its brand identity.“This is a watershed moment for Eidos,” said Rogers.“We have the backing of an incredible company which believes in our strategy and our people.”“In the Square Enix group, we have a parent company, which I have held in high respect for many years, with their meticulous level of perfection and unyielding directive to never compromise on quality,” he added.“We have an incredible opportunity to truly deliver on our creative vision, this is a new chapter for Eidos.”