Takeover Looms for SCi Once Again
Posted by Chris on Saturday, April 5th, 2008 at 8:10 pm under Eidos, Game Companies, Games Industry, Ubisoft
With all the talk of Activision-Blizzard and EA’s attempts to acquire Take-Two, I had nearly forgotten about the perennial takeover target, SCi. According to The Guardian (via GamesIndustry.biz), takeover talks are likely continuing to take place as share prices rose 20.4% yesterday.
Back in January, rumor had it that Midway and SCi were talking about a merger. Despite a denial of interest in SCi back in October, Ubisoft may be one of several potential bidders for the company, alongside Infogrames and Time Warner. Time Warner purchased a 10% stake in the company a year ago, but SCi has seen major changes since then. In late February, 14 projects were cancelled as 25% of jobs were cut.
SCi is the parent company of Eidos, so Lara Croft and friends have a vested interest in seeing how this turns out.
If you found this story interesting, why not subscribe to our RSS feed to get your daily fix of gaming news?
April 7th, 2008 at 3:08 am
[...] on games, movies, collectables and archaeology.http://www.laracroft.name/Takeover Looms for SCi Once Again - Gaming TodaySCi is the parent company of Eidos, so lara croft and friends have a vested interest in seeing how [...]