Eidos acquired by Bono-backed group

by Lisa Foster
Shares of the Britsoft games firm reached 51 pence earlier this morning, higher than the 50p buyout offer. And, according to a Reuters report, this could have been due to investor speculation over a rival bid approach.

The US private equity group Elevation Partners counts U2 front man Bono and former EA president John Riccitiello as partners.

Eidos chairman John van Kuffeler said the deal will “bring an end to the uncertainty which the company, its shareholders and employees have endured during recent months”.

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