No Eidos Sale

Eidos is finally putting an end to takeover rumors. The company caused a stir four months ago when it announced that it was is negotiations for a possible sale. Though prospective suitors were never named, most industry watched pinned Infogrames as the likely buyer. CTW is now reporting that Eidos has officially ended negotiations and will not sell. "Following the announcement on June 20th that it was in early stage discussions which might or might not lead to an offer for the whole of the issued share capital of Eidos, the board of Eidos announces that these discussions have now terminated. The Board gave the approach serious consideration, but concluded that the terms did not represent fair value for shareholders," reads a statement from Eidos.