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Square Enix To Buy Eidos, Midway Files For Bankruptcy

Posted by Soulskill on from the finish-them dept.

arcticstoat writes to tell us that Square Enix has been revealed as the potential buyer to Eidos, developer of the Tomb Raider franchise. Eidos had been shedding workers and studios in an attempt for financial stability. This comes alongside news that Midway Games is filing for Chapter 11 bankruptcy in order to stave off creditors while they sort out what's left of their resources. World of Goo publisher Brighter Minds Media also filed for bankruptcy last month. Free Radical, a UK studio recently put in a similar position was snapped up by Crytek, and we discussed news of Sega's financial turmoil as well. It seems that claims from late last year suggesting the games industry may be "recession proof" are quickly being proven wrong, though Kotaku suggests that most of the blame falls on the developers.

7 of 88 comments (clear)

  1. Midway files for bankruptcy? by serviscope_minor · · Score: 5, Funny

    Midway files for bankruptcy? I think that's a...

    FATALITY

    --
    SJW n. One who posts facts.
    1. Re:Midway files for bankruptcy? by Darth_brooks · · Score: 5, Funny

      Ch. 11 offers protection from creditors while you attempt to reorganize, While Ch 7 is outright bankruptcy. Sometimes it works, usually you're just staving off the inevitable. So the correct joke to use here is...

      FINISH HIM!

      --
      There are some people that if they don't know, you can't tell 'em.
  2. Re:Chrono Trigger?? by MindlessAutomata · · Score: 3, Funny

    The last thing I want is a level 5 dwarf (haha) providing me my OS.

    If Gimli tells you to install Linux you better DAMN well install Linux.

  3. Re:Sweeping statements by elrous0 · · Score: 2, Funny

    Look at it this way. With everyone out of work and having plenty of free time, it will be a helluva lot easier to raise enough people for large raids.

    --
    SJW: Someone who has run out of real oppression, and has to fake it.
  4. Shit by Anonymous Coward · · Score: 2, Funny

    Can't wait to get grind and magic spells in Hitman V: Shadow Crystal

  5. Sexier Squid Aeon by Anonymous Coward · · Score: 1, Funny

    Anagram of the new company, and best name for a Japanese game ever.

  6. So in the next Tomb Raider... by damien_kane · · Score: 2, Funny

    It will be revealed that Lara is actually a man...

    They'll only take away half of her cup-size, though.
    As we all know, SE only makes male leads (except in the craptastic FFX-2), but they all look like girls