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Time Warner bid for SCi rejected?

SCi confirm unnamed offer

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.