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The game will be co-published in North America by Eidos, Inc.
Square's offer, which was recommended by Eidos management, is set to pay shareholders 32p cash for each share.
Backing the new offer, Eidos pointed out a 'number of key issues' that it said some shareholders may want to consider when voting on the SCi proposal.
Best known for the Tomb Raider series, developed by the former Birmingham-based CentreGold, Eidos fell into the red by pounds 29 million in the final six months of 2004 while uncertainty over its future led to a number of key members of staff quitting.
Yesterday's developments prolong eight months of uncertainty over the future of Eidos.
For further information, please contact: Steve Starvis (Head of Communications) at: Eidos, Wimbledon Bridge House, 1 Hartfield Rd, Wimbledon, London SW19 3RU, Tel: +44-(0)20-8636-3000; Fax: +44-(0)20-8636-3001
As a result, Eidos will delay the release of ShellShock: Nam '67 until September in order for the title to 'deliver its true potential'.
The board of Eidos had earlier agreed to the bid by Elevation, which counts U2 rock star Bono among its partners.
But this stance is not supported by investment bank Schroders, the largest investor in Eidos, which has lined up its near-20% shareholding behind the SCi bid.
Eidos, one of the world's leading publishers and developers of entertainment software, announces it has signed an agreement with QUALCOMM, pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, to publish games for BREW-enabled mobile phones.
There are no rules and no rings keeping players confined," said Kevin Gill, senior product manager at Eidos Interactive.
Eidos Plc, the UK software games developer that gave the world Tomb Raider, has reported net income up 123% at 24.
DISCover), the leading innovator and provider of technology solutions for the PC gaming industry, today announced it is partnering with Eidos Interactive, Ltd.
June 26 /PRNewswire/ -- Eidos Interactive, one of the world's leading publishers and developers of entertainment software is pleased to announce that Soul Bubbles, the new phenomenon for Nintendo DS(TM), available exclusively at your local Toys 'R' Us store.
LONDON, October 21 /PRNewswire/ -- Eidos, one of the world's leading publishers and developers of entertainment software, announces it has signed a development deal with Swedish based Avalanche Studios.
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