Shares in Tomb Raider creator Eidos have jumped by a quarter today after the troubled company revealed it had received a takeover approach.
Last week Eidos reported disappointing Christmas sales for the latest Tomb Raider game, Underworld – shifting just 1.5 million copies since its launch on November 18.
It also warned that it might have to renegotiate loan terms with its bank, Lloyds TSB.
"The board can announce that it has received a preliminary approach which may or may not lead to an offer being made for the company," Eidos said in a statement after the market closed last night.
"Eidos emphasises that discussions are at a very early stage and that there can be no assurance that an offer will be forthcoming."
The shares rose 25% or 3p to 15p today.
The recent slide in the Eidos share price has been a blow for US media giant Time Warner, which owns almost 20% of the company.
