Eidos Still Hasn’t Found What it’s Looking For…

SCi share slump tickles indecisive shareholders.

Posted by Staff
Eidos Still Hasn’t Found What it’s Looking For…
Unless you’ve been living under a tree stump for the past six months, you’ll be aware that leading UK publisher Eidos is being sold off, with something of a love triangle between Elevation, SCi and the Tomb Raider publisher making the headlines on an almost daily basis.

It was thought that Eidos shareholders had plumped for SCi’s offer, though activities on the markets in recent days look to have derailed a possible deal, with Elevation - co-founded by U2 frontman Bono - expected to be invited back to the negotiating table.

Friday saw a 9p drop in SCi’s per-share value, seeing the firm’s share-driven bid for Eidos slump to 47p, 3p less than the 50p originally promised. The SCi bid is now worth £70m, compared with £103m when the offer was made only a month ago.

This means that as SCi continues to struggle, Eidos is likely to begin looking for a new suitor for its stable of IP, with the deal from Elevation now looking more tempting than ever. It is thought that Eidos shareholders will freeze all sale activities and invite the US-based collective back to the table whilst at the same time inviting other offers from as-yet undisclosed interested third-parties.

We’ll keep you updated with the progress of all this as it happens.
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Comments

Coxy 9 May 2005 19:02
1/4
U2 ROCK (sorry I know that has nothing to do with the article - but i'd thourght i'd add it in anyways)
Pandaman 10 May 2005 00:55
2/4
Eidos still hasn't found what it's looking for? C'mon Spong, I'm sure you can do better than that...

How about...

"Edios Walks On."

"Edios' stocks move in mysterious ways."

"SCi struggles, Edios will no longer follow."

"Edios F**ks the Revolution."

"Who's gonna ride SCi's sources?"

"Hello, Hello! I'm in a place called Tomb Raider 4!"

"Lemon!"
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Coxy 10 May 2005 15:04
3/4
how about:

"with or without sci" (eh?)
DoctorDee 10 May 2005 17:44
4/4
Alan is my first name wrote:
How about...

"Edios' stocks move in mysterious ways."


And once the deal is back on... "SCI will follow".
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