SCi in takeover talks

Eidos parent announces it is in "extremely preliminary" discussions toward an offer, does not name interested party.

London-based SCi Entertainment has confirmed that it is currently in talks with an unnamed company in anticipation of a possible buyout offer.

Under British law, publicly listed companies are required to make it known if a company or person becomes involved in a takeover bid, although the statement hastened to explain that the deal was at an "extremely preliminary" stage, and there was no guarantee it would go ahead.

The company statement reads, "Following the recent speculation in the press, the board of SCi Entertainment Group confirms that it has received an approach and as a result has entered into extremely preliminary discussions regarding a possible offer for the Company. No proposal has been received at this time, however, and there can be no certainty that any offer for the Company will be made or as to the terms of any such offer were one to be made."

SCi Games was founded in 1988 by Jane Cavanagh, who this year received an OBE for her services to the video games industry, and in May 2005 acquired Eidos Interactive, developers of the Tomb Raider franchise, along with the Hitman and Championship Manager series.

Financial sites were a-chatter with speculation as to whom the mystery company currently in talks with SCi could be--some were guessing Electronic Arts, while others speculated it could be Warner Bros. Entertainment. Warner Bros. acquired 10 percent of SCi's shares back in December, and at the same time gave Eidos the rights to make games based on Warner IP including The Flintstones, Looney Tunes, and The OC.

The company stated that a further announcement with more details will follow in due course.

Written By

Discussion

40 comments
Egg99
Egg99

red_x2004, I truly cannot express to you how many people just died because of your ignorant and blatantly incorrect statement.

mattster1134
mattster1134

maybe codemasters since there both in England

iiswheeler
iiswheeler

[This message was deleted at the request of the original poster]

ReckHavoc
ReckHavoc

Hate to say it, but I bet it's EA.

Latinbro1
Latinbro1

Well, if it happens I hope it is not EA because they are big but they offer a lot of not so good games.

BloodMist
BloodMist

Please be Vivendi or Ubisoft, not EA, not Microsoft.

dev_ron
dev_ron

...then i'll just wait for the next announcement. because it really doesn't matter to much who ever takes the bid, it matters the game they are going to bring for us.

ShmenonPie
ShmenonPie

So long as it doesn't affect Lara or Agent 47, I'm fine with this. That includes being acquired by someone like Microsoft Game Studios, or Sony Computer Entertainment, as TR and Hitman ganes are brilliant, they deserve to be played by all gamers.

NinjaMunkey01
NinjaMunkey01

I hope that this dosent change their games. hitman blood money was great and the next one better be even more enjoyable!

danielsmith2020
danielsmith2020

It won't be EA, I'm going to lean towards take 2 or possibly sony.

fastpunk
fastpunk

I guess Deus Ex, Thief or Hitman don't count as quality titles in ghsacidman's world. Or maybe he hasn't played either of those games and just likes to talk without knowing what he's saying...

ScottEFresh
ScottEFresh

Are you kidding red_x2004? EA WAS one of the best company's in game development. Until they started **** up every game they touch including ones that should have been easy to get right. Nascar and Tiger Woods 08 anyone?

red_x2004
red_x2004

Let me get this straight, whats wrong with EA taking over SCi ?,EA is known for being one of the best company's out there in gaming development,and if they can improve & support SCi then why not ?

ghsacidman
ghsacidman

Who cares? It's Eidos, the only quality title they had was Tomb Raider... And now, even Tomb Raider sucks.

rkangel
rkangel

It has to be Warner, just look at all the games that GameTap has from Eidos. GT has all Deux Ex, Hitman, and Tomb Raider series. Tomb Raider anniversary was released on GT alongside the retail stores, or close. Jericho will also be released on GT day one too. FYI Warner owns GameTap.

fastpunk
fastpunk

P.S.: Like someone said earlier, I hope it's not EA.

fastpunk
fastpunk

Well, Eidos published some of the best games ever made, from the Tomb Raider and Hitman series to the awesome Deus Ex and Thief games. As long as they continue doing things the way they did it's alright by me.

Robb12123
Robb12123 staff

Z.....ZZ..Z.ZZZZZZZZZZZZZZZZZZ

FiddleStick
FiddleStick

considering Warner Bros. acquired 10% of SCi stock, and that Warner gave the rights to some its licenses to Eidos, it would make sense if they are the party interested in the takeover. lets all hope its them instead of EA.

Rect_Pola
Rect_Pola

Between Warner and EA, I'm praying for Warner. Warner strikes me that they would be very hands-off with Eidios. EA spends more time and money on hyping a game than actually development, even if they know it's a piece of crap.

beckoflight
beckoflight

Eidos has some of the most powerfull developers 7 franchises out there if EA takes over ..... we can see HITMAN of the future in 2020 & Planet Raider with Lara's half cyborg clone visiting the tomb of another galaxy =)) !

darthzew
darthzew

It's me dudes, I'm buying SCi so I can make my own games and rock the universe.

Cedric169
Cedric169

ummmm Hope that EA don't make a crap of eidos

tbolt_88
tbolt_88

i wouldn't be surprised if it was EA....and if it was then i wouldn't really care since the last few Hitman games havnt been that great and well Tomb Raider Legend was the first good tomb raider game in a long time. Not like EA could do these franchises worse then how bad they've been done already.

Dark_Nexus3367
Dark_Nexus3367

Well this is not a big issue,buyouts happen all the time,so this is nothing new to the industry.If EA buys it,then we will have problems because they will over market Tomb Raider and Hitman so much and release numerous crap games. If Warner gets it,then maybe we will see some decent games,but either way we can expect nothing special.

Cobra_nVidia
Cobra_nVidia

uh, if Eidos was bought by E.A., it might be an improvement :p ...and that isn't a compliment to E.A.

Yakuz-A
Yakuz-A

Faelas, the industry is already ruined anyway.

Faelas
Faelas

Please NOT EA!!! Stop ruining the industry!

zeus_gb
zeus_gb

I bet Core (original Tomb Raider developers) aren't happy about this, they've been sold three times in the past five years.