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Eidos (SCi Entertainment) to be bought up, share prices climb

3:44 PM on 09.04.2007 // Dale North
  @DaleNorth

The Telegraph says that SCi Entertainment's (think Eidos brand: Tomb Raider, Hitman, Kane and Lynch: Dead Men) stock prices are flying high after word got out that an offer for the company is in the works.

SCi said: "Following the recent speculation in the press, the board of SCi Entertainment confirms that is has received an approach and as a result has entered into extremely preliminary discussions regarding a possible offer for the company."

As of now, we do not know who has approached SCi Entertainment, and no offer has been made.

Up until now, shares have been down after the announcement of an expected loss of £14m, and SCi blames it all on Sony and its PS3. They cite the global launch delay of the PS3 and the fall of PS2 sales due to PS3 price drops.

Damn, if I had enough money, I would buy them. I also wish I was a shareholder.

[thanks, rishi] 

 




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