SCi’s share price has
off the back of heavy speculation that it has reopened takeover talks with potential suitors.
The rise of 10.5p per share – to 60.5p – has set the tongues of investment market experts wagging, with Ubisoft, Time Warner and Infogrames already fingered as possible
The Guardian speculates that an offer has come in for 80p per share – which may be attractive to investors who remember that SCi’s stock price was close to half of that figure just two months ago.
The Eidos parent pushed out its old management team – including CEO Jane Cavanagh – in January, after it ended takeover talks with companies rumoured to include Ubisoft, Warner Bros and two major Chinese gaming firms.
Former company CFO Phil Rogers was appointed CEO, and quickly put in place a financial overhaul – after which he admitted he would have to cut 25 per cent of the firm’s global workforce.
Keep checking back at www.mcvuk.com next week to read Rogers’ first press interview since the announcement.