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More Eye On ION in the Observer

A new article on ION Storm in the Dallas Observer Online gives the lowdown on the latest behind the scenes rumblings at ION and Eidos based on court papers recently filed. Here's a quote:

But behind the scenes, in courthouses and boardrooms across the city, another sort of gaming continues. Last month, ION filed amended lawsuit pleadings suggesting that Eidos may be close to pulling the plug. ION's suit alleges that last November's walkout of the Daikatana development team "jeopardized [ION's] relationship with Eidos and caused Eidos to restructure its business venture with [ION]."

According to people in a position to know, Eidos may acquire 51 percent of ION, making ION more or less a part of Eidos. But the same sources say that ION's remaining shareholders — John Romero, Todd Hall, Jerry O'Flaherty, Todd Porter, and Warren Spector — will not get rich from the deal, which apparently involves no cash. Instead, Eidos will forgive a portion of its advances to the developers in exchange for its chunk of ION — a move that will enable Eidos to keep closer tabs on ION's operations.