Eidos almost owned by SCi
The popular bid for Eidos from rival publisher SCi came a step closer to success today as it was revealed that the original offer for the firm from venture capitalists Elevation Partners has been withdrawn. Elevation's offer of 50p per Eidos share was originally backed by the board, left with little option in the face of dwindling finances, but an offer for the publisher from British house SCi has received the confidence of current shareholders. Said offer values Eidos somewhat more highly with shareholders getting one share in the new group for every six held in Eidos.
"The directors of EM Holding note the strong support from Eidos' shareholders that the SCi offer has received," read a statement today, "and would like to wish Eidos and its stakeholders well under the proposed stewardship of SCi." A couple of weeks ago Elevation were openly critical of the rival SCi bid, questioning the PLC's management skills and its ability to turn around the troubled company. SCi's bid should now be ratified by shareholders at a May 13th EGM. A major restructuring of the company is expected once the takeover is completed. We'll keep you posted, of course.
- Thomas Was Alone gets a release date for PS4 and Wii U
- New Warframe update adds space-flight to the gameplay with Archwing mode
- New poll indicates that people believe online gaming is “the least welcoming space” for women
- CD Projekt RED releases The Trail, the opening cinematic from The Witcher 3
- New Project CARS trailer pulls up to the starting grid
- Far Cry 4 dev says linear games will suffer in the new world of gameplay video sharing
- Almost 1,100 developers, students and journalists sign the new #gamediversity petition embracing diversity in games
- Felicia Day breaks her silence about #Gamergate, is almost immediately doxxed
- Ubisoft announces PC specs for Assassin's Creed: Unity and they're killer