SCi shares up amidst takeover speculation

Following a precipitous drop in stock price in January, resulting in the resignations of key management, Eidos parent company SCi reportedly plans to radically restructure its business, with 14 (!) product cancellations as well as a 25% workforce reduction (read: firings).

Now, Guardian blogger Nick Fletcher reports the company's "shares are up again on renewed takeover speculation." He says, "Talk is of an 80p a share offer" – a 32% premium over their closing price of 60.50p today – and that potential bidders include Time Warner (who already own 10% of the publisher), Infogrames (who already have a problem child to deal with), and Ubisoft (who has said it has no intention of making an offer). Let the speculation commence!