Eidos Parent in Takeover Talks?

Eidos Parent in Takeover Talks?

Eidos owner SCi is once again subject of takeover speculation, as a national UK newspaper is suggesting that the company is in talks regarding a possible acquisition from EA or Ubisoft.

An anonymous source, reportedly close to the matter, has told The Daily Mail that discussions of this takeover are at an “early stage” and that SCi has been approached by two separate publishers in a matter of weeks. The Daily Mail then suggested that it is Electronic Arts and Ubisoft who are ready to launch a takeover offer.

The rumors round off a terrible year for SCi. Back in September the company posted a £99m loss in its financial results, and the company has been linked with takeover offers since the beginning of the year. In February the company decided to shed 25% of its workforce and axe 14 projects. Following a rejection of a takeover offer from Atari parent company Infogrames, the company was then subject of a takeover offer from NBC Universal. Through this all the company’ share price has taken a 92 percent nosedive in twelve months, dropping the company’s value from over £600m to some £50m.

Reports also suggest Time Warner – which owns a 16 percent stake in SCi – may be a potential bidder for a majority share of the company.

Edge has contacted the parties involved for comment, none were available at the time of writing.