Now SCi steps in to acquire Eidos

by Lisa Foster
As reported earlier today (MCV Newflash), the private equity group headed up by former EA boss John Riccitiello last night offered to acquire Eidos for £71m.

Now SCi has offered a price of 53.6p per share, valuing the deal at some £76.1 million.

“We believe that this is an excellent opportunity for both Eidos and SCi shareholders to invest in a major computer games publisher at a time when the global market has never been bigger,” said SCi’s chief executive Jane Cavanagh.

“Over the last three years SCi has delivered strong sales and profit growth and consistently delivered product on time and on budget.

"Whilst Eidos’ brands, studios and staff have significant potential, its continued financial problems appear to have resulted in rushed development cycles, missed deadlines and products that have not done justice to their brands.

"We are completely confident that the application of our successful business model across the Enlarged Group will significantly enhance shareholder value for both SCi and Eidos shareholders.”

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