Eidos buys into Pyro Studios and Proein

Eidos plc has the latest July 1999 move: Eidos buys into Pyro Studios and Proein. Eidos plc says the acquisition, on 29 July 1999, of an effective 25% of the share capital of the Spanish developer Pyro Studios SL and 75% of the share capital of the related Spanish distributor, Proein SA. The total consideration is approximately $23 million (14.5 million pounds) together with an additional amount up to $5 million contingent on the net asset value of Proein. The acquisition is to be financed from existing cash resources and banking facilities and is due in full on completion.