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SHAREWATCH: Eidos stock plunges 27.5%

Shares in Eidos PLC have tumbled 27.5 per cent on news that it has slashed its revenue forecasts for the year. The news will be sure to have piqued the interest of potential suitors for the firm – thought to be led by Warner Bros, which already owns a 20 …

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Warner snaps up 10m Eidos shares

Time Warner has purchased ten million shares in Eidos PLC, bringing its total stake in the company up to over 19 per cent. The Warner Bros parent now owns 52.52 million shares in the UK publisher, which was previously known as SCi Entertainment. Sources have long pointed to Warner as …

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Eidos in takeover talks

Eidos parent SCi Entertainment is reportedly in takeover talks once again – with Ubisoft and Electronic Arts. According to The Daily Mail, a source said discussions are at an ‘early stage’ – and that SCi has received approaches from two separate firms within the past few weeks. The newspaper has …

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SCi shares rocket as it encourages Warner Bros bid

Shares in SCi Entertainment Group jumped 11 per cent today, after it lifted a restriction stopping Time Warner from raising its stake in the company without consultation. As reported by MCV this morning, SCi has scrapped a "standstill" arrangement with Time Warner subsidiary Warner Bros. The agreement – which had …

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SCi waives standstill deal with Warner Bros

SCi Entertainment has announced that it has waived its ‘standstill’ agreement with Warner Bros until December 1st – meaning that the entertainment media giant can increase its share count to 30 per cent without consultation. According to SCi: ‘[The deal] restricts the ability of Warner Bros and its affiliates to …

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Warner ups stake in SCi

Warner Bros has increased its stake in Eidos parent SCi Entertainment to 16.13 per cent. However, Warner’s representative non-executive director at SCi, Kevin Tsujihara, has quit his post. Warner has increased its stake in SCi by five million shares to 42 million shares.

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SCi plans major rebrand

SCi Entertainment’s Board has recommended that the firm changes its name to Eidos PLC. According to CEO Phil Rogers: The Board feels that it would be beneficial to align the name of the listed Company to the strong product brand that Eidos represents in order to benefit from a single …

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SCi losses increase in transformative year

Eidos parent SCi Entertainment suffered a 99.1 million overall EBITDA loss in FY 2008, an increase on the 13.3 million posted a year before – but slightly under the 100m loss the company previously forecast . In what CEO Phil Rogers said was a year to transform the business”, the …

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Warner boss joins SCi Board

President of Warner Bros Home Entertainment Group Kevin Tsujihara has joined the Board of SCi Entertainment as non-executive director. The news follows Warner doubling its sharecount in the Eidos parent in April – taking its stake up to 20 per cent. Meanwhile, Aaron Brown – an associate of SCi investor …

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SHAREWATCH: SCi stock drops 5%

The stock price of Eidos owner SCi Entertainment has fallen by over five per cent today, down to 46.25p. The 5.61 per cent drop represents a fall of 2.75p-per share at today’s close. However, no firm indiciation of a reason for the drop has arisen. MCV has contatcetd the firm …

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