Time Warner buys 10 million Eidos shares, holds 20% of stock


Time Warner Entertainment has stepped out from the cacophonous acquisition noise surrounding Eidos by purchasing 10 million shares in the company. Reuters reports that Warner now holds about 20% of Eidos' stock.

Rumors regarding Time Warner's intent to purchase the struggling publisher have been swirling for months with everyone from EA to Ubisoft listed as potential suitors. With all the names in the story, it appears Take-Two is the only major publisher not mentioned in recent reports as being interested in purchasing Eidos and controlling its many notable franchises.

Note: Time Warner owns AOL, which owns us. So, if Eidos gets purchased by TW, they'll be our distant third-cousin, twice removed ... who was adopted ... as an adult.

This article was originally published on Joystiq.