Time Warner bid for SCi rejected?
Following on from yesterday's chit-chat, which had Time Warner and NBC eying Tomb Raider publisher SCi-Eidos, while the publisher's board admitted they were looking to raise funds, we now hear that a new bid has been rejected for the firm.
In a statement to the stock market here in London, SCi (Eidos' parent firm), said the offer didn't "represent sufficient value."
Apparently the offer, which wasn't named, represented a large premium on the present share price (about 54p), and would have seen the third-party provide Eidos' future financing.
Online speculation has it that the offer could have been from Time Warner, who already own a significant proportion of the publisher.
More as and indeed when we get it on this.