Time Warner raises stake in Eidos
(Reuters) - Entertainment software developer Eidos Plc EIDE.L said on Monday Time Warner Entertainment, a unit of media firm Time Warner Inc (TWX.N), bought 10 million shares in Eidos, increasing its stake to 19.92 percent in the company.
Eidos, formerly known as SCi Entertainment Group Plc, said Time Warner Entertainment had bought these shares on December 11 and now holds about 52.5 million shares in the company.
Eidos, the holding company of Eidos Interactive, has developed interactive video and computer games series such as "Tomb Raider" and "Hitman."
At 1022 GMT (5:22 a.m. EST), Eidos shares were up 3 percent at 18 pence.
(Reporting by Usman Merchant in Bangalore; Editing by Gopakumar Warrier)
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- Winning ticket sold in California for Mega Millions lottery: official
- UPDATE 5-Mega Millions lottery winning tickets sold in California, Georgia -Officials
- India removes barriers to U.S. embassy as anger grows over diplomat's arrest
- U.N. told up to 500 killed in South Sudan clashes: diplomats
During Soviet times, Sochi gained a reputation for tolerance but the city's once vibrant gay scene has been shrinking as Russia prepares to host the 2014 Winter Games. Slideshow