Takeover Looms for SCi Once Again
By Chris on Saturday, April 5th, 2008 at 8:10 PM PST In 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.
