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Eidos is Hurting!

Filed under: General Gaming
Posted by Allison on March 10, 2005 11:09 AM
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GamesIndustry.biz is today reporting that our good friend Eidos, has hit some difficult times. Yesterday the UK company's stock lost 30% of its value as investors awaited Eidos' six-month results for the period ending December 31, 2004. Today those results emerged, showing an operating loss of GBP 29.2 million. As GI states, "Eidos is now desperate", and talks of a buyout are not only buzzing, but necessary or the Royal Bank of Scotland "has the right to require the Company to undertake an orderly disposal of assets, and/or intellectual property, of an amount equal to the facility plus associated fee". In the midst of all of this, Eidos has been forced to push back release dates for its upcoming Tomb Raider and Hitman games to the 2006 fiscal year.

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