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Report: EA To Buy Eidos

Stock Option Trading Recent rumors have circulated suggesting Electronic Arts' buy-out of big-name publisher, Eidos Interactive.

Due to their recent financial troubles, Eidos has apparently decided to seek out a deal that would make the once highly-profitable company fully owned. Although denying the reports of an EA purchase, Eidos recently commented on the situation, hence leaving the possibility intact:

"In response to recent press speculation and following the announcement of a strategic review on 17 June 2004 the Board of Eidos confirms that, whilst it continues to keep all options under review, it is in preliminary discussions with a small number of parties in relation to possible business combinations. These discussions are at a preliminary stage and there can be no certainty as to whether or not they will lead to an offer being made for the Company in due course. The Board does not expect to be in a position to make a further announcement ahead of the Company's full year results."

Although Eidos did not mention EA in their report, rumors have speculated that the Redwood City-based game giant is the leading contender for the business combination.

More as it breaks.

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