Eidos Parent SCi Closes Takeover Talks

Midway's hopes of acquiring properties like Tomb Raider and Kane & Lynch will have to wait; Eidos parent company SCi has put a stop to discussions concerning a takeover and is no longer entertaining offers from potential buyers, Yahoo reports.

The company cut off talks after a lack of any formal offers from interested parties and a belief that the company would not be sold for its full value.

In lieu of a corporate bail-out, SCi has announced that it expects a financial loss for 2008 and plans to shift the release dates of four titles—including Crystal Dynamics' Tomb Raider: Underworld (PC, PS3, X360)—into the fourth quarter in the hopes of boosting sales via the holiday rush.