A private equity group which includes U2 rocker Bono has helped boost shares in video games manufacturer EIDOS, after it purchased the firm for $134.9 million (GBP71 million).

Shares in the company behind gaming favourite Tomb Raider enjoyed a 14 per cent rise following the take-over.

The US private equity group ELEVATION PARTNERS counts PRIDE (IN THE NAME OF LOVE) singer Bono and former ELECTRONIC ARTS president JOHN RICCITIELLO as partners.

Eidos recently released a dismal six-month earnings report, which also exposed delays in its premiere franchises, including the next Tomb Raider and HITMAN: Blood Money games.

22/03/2005 13:40