SCi/Eidos being courted for buyout by mulitple companies
SCi Entertainment, parent company of Eidos, admitted earlier this month it was in preliminary discussions of being bought. Turns out the three suitors are Ubisoft, Time Warner and an unnamed Chinese company. SCi's stock continues to climb on the news and the company is valued at around £300 million.
The financial issues surrounding SCi's possible purchase are overly complicated. SCi's CEO has high expectations in the buyout and doesn't look to be giving any ground, there's the movie game deals SCi already inked with Time Warner, and the fact that EA has stock in Ubisoft and might be moving some pieces around behind the scenes. It's going to keep getting more complicated before the real picture emerges.
[Via GI.biz]
