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Monday, April 11, 2005
 
Eidos Buy-out One Step Closer
7:59 AM | Marcus Albers | Comment on this story

After announcing the nearing of a deal with the Elevation investment group, troubled software house Eidos has since undertaken further discussions with SCi Entertainment, after the group made a counter offer.

The Eidos shareholders have some points to consider in accepting one deal or the other, including:

the requirement for scale to compete effectively in the computer games industry - on the basis that the combination of Eidos and SCi will not result in a significantly larger business;
the successful integration of the Eidos and SCi businesses - recognising that Eidos is much larger than SCi, operates internationally and pursues a different approach to the development of its games;
the retention and motivation of key employees of the Eidos business.
Eidos and UBS Investment Bank will continue to consider SCi's count-offer. Stay with IMG for further developments in Eidos' financial struggles.

WorthPlaying: Eidos Recommends That Shareholders Accept SCi Offer


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Archives  News  Eidos Buy-out One Step Closer