UK publisher turns down takeover bid from unnamed party on the grounds it “does not represent sufficient value”
Eidos parent SCi Entertainment has turned down an acquisitive bid from an unknown would-be suitor.
In a statement on SCi’s website, the company said:
“The pursuit of an uncertain takeover proposal with consequent delay and risks to the Company's proposed issuance of new equity to fund the execution of its revised strategic plan would not be in the best interests of the Company or its shareholders.”
The offer is said to be one of many ‘indicative proposals’ received by the company over the last six months, none of which have been a ‘firm offer’.
The company says it is not entering into discussions with the prospective buyer at this time.
Advertisement
Industry rumours have pointed the finger at Time Warner, Ubisoft and NBC Universal as firms interested in a possible $100 million buyout in recent weeks.
Comments
Um...
“The pursuit of an uncertain takeover proposal with consequent delay and risks to the Company's proposed issuance of new equity to fund the execution of its revised strategic plan would not be in the best interests of the Company or its shareholders.”
That's a long way of saying they don't have the cash to survive any due dilligence process...
Online Pharmacy best pills dfg
http://confluence.public.thoughtworks.org/display/~buy-xanax-no-rx - xanax http://confluence.public.thoughtworks.org/display/~buy-tramadol-no-rx - tramadol http://confluence.public.thoughtworks.org/display/~buy-valium-online - valium http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-ambien-online-without-prescription-buy-ambien-10mg-5mg - ambien http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-xanax-online-buy-xanax-2mg-1mg - xanax http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-fioricet-online-without-prescription-buy-fioricet-cod - fioricet http://connections.blackboard.com/people/50273d6fc2 - tamiflu http://tapestry.formos.com/wiki/display/~buy-tamiflu-winthout-prescription - tamiflu http://boinc.vanderbilt.edu/CSB/view_profile.php?userid=5324 - ambien http://confluence.public.thoughtworks.org/display/~ativan4r5r - ativan http://confluence.public.thoughtworks.org/display/~buy-ambien-without-prescription - ambien
honeybourne reflections patented autumn source tomatos suggestive
Leave a Comment
HOT TOPICS
Xbox owners ‘defecting’ to PS3 31
HMV calms Modern Warfare concerns 28
Modern Warfare 2 already pirated? 26
First MW2 pre-orders arrive 16
Activision praises retail and promises fair play on MW2 14
Tesco sells Xbox 360 games for £3.97 10
EA: PES is struggling 9
LittleBigPlanet sequel looks unlikely 7
Activision: 'Guitar Hero as respected as Harley Davidson' 7
Mama takes on Modern Warfare 6
RELATED STORIES
Warner and Ubi back in for SCi? 5
Ubisoft 'not interested' in SCi buyout 1
‘Shocking’ Eidos ad banned 8
Vivendi-owned NBC in for Eidos? 2
Report: SCi to cost NBC $100m 2
SHAREWATCH: SCi stock drops 5% 2
Eidos big hitters coming to PS3 1
Eidos buys UK studio Morpheme 1
Revenues up, losses down at Eidos 1
SCi swoops for Bluefish Media 1
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets