Last week's announcement that Japan-based Square Enix was going to try to buy UK-based Eidos had a bit of a hurdle to clear: the fact that Time Warner owns about 20 percent of Eidos' stock. Today Gamasutra reports that Square Enix has reportedly gotten approval from Time Warner to proceed with their plans to acquire Eidos.

As we reported last week, the deal is worth 84 million UK pounds ($120 million). Both the executive teams at Square Enix and Eidos have signed onto the deal and now its up to the shareholders to approve the deal. They will vote sometime in March and if they give their thumbs-up, the deal will be completed by April.