Eidos accepts Elevation bid

Video games maker Eidos has agreed a 71 million pounds cash offer from a unit of U.S. private equity company Elevation Partners LP, the firms say. The offer price was 50 pence per Eidos share, a premium of nearly five pence on their Monday closing price of 44 3/4 pence.

"The board firmly believes that shareholders' interests are best served by a sale of the company," John van Kuffeler, chairman of the board of Eidos, said in a statement.

The company is perhaps best known for its Lara Croft Tomb Raider series of video games.

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EA has also been rumoured in the past to be interested in Eidos. And there's a connection here with EP: the investment group's partners includes John Riccitello, a former EA president. Also involved are Fred Anderson, until last year Apple's CFO, and, most notably, U2 lead singer Bono.

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