News
SCi would accept ‘sensible offer’ for company
Neil Long Feb 29 2008, 9:51am
But the Tomb Raider publisher is ‘not encouraging’ offers for the firm
After revealing its plans to cut a quarter of its workforce, scrap 14 projects still in development and become a ‘studio-led’ publisher, the Britsoft firm has revealed that it would still be interested if a suitor was ready to make the company
The official statement from the company reads: “At this time the Board is not encouraging offers for the Company but, in a consolidating industry, any sensible offer for the Company or proposal for crystallising value for some of the Group’s IP will be considered in the context of the alternatives and benchmarked against the value the Board believes can be delivered for shareholders through the revised strategy and business plan.”
